When the new calendar year begins one tends to develop more investor impatience when you have OTC stocks in your portfolio that put out 10K's instead of a fourth quarter 10Q. The additional two months you have to wait can seem more like a year due to the anticipation but the flip side is you only have to wait a month for the 1st Quarter 10Q after the 10K's release.
Looking forward to both financial reports since so many companies on the major exchanges reflected significant revenue increases for the fourth quarter which was a clear sign that many of the industries are starting to reflect a return to normalcy with a definitive reflection of recovery taking shape.
I really anticipate BYOC's financials to display some respectable revenue upside particularly when you factor in the five new contracts, two renewals as well as an extension (all listed below) they announced beginning on September 28th through November 2, of 2020. The new revenue stream probably wouldn't have been reflective in the 3rd quarter report but should be well represented in the 4th and 1st. What's also worth noting is what AUhills pointed out earlier today in his post regarding the positive references the company made in their 3rd Qtr report related to expectations going forward. It should all serve as a nice catalyst in terms stock price appreciation over the course of time.
Through our Service 800 Inc subsidiary, many of our clients; GE Healthcare, Audiology System, Inc 3M Healthcare, Johnson & Johnson Vision Care, Albany Molecular Research Inc., Sakura Finetek, Abbott Diagnostics, Biosense Webster, a Johnson & Johnson Company and Medtronic to name a few took the time during pandemic to begin strategic planning with Service 800 to grow their business with the company by renewals, expansion, and better ways to grow our programs with each and every one of them for the future. This select market segment continues to be a major source of revenue for the Company as we expand our services within this business segment. Renewals have been strong during the last three months and we anticipate revenue getting back in line with exceeding our expectations as we progress further into the year. All renewals that have taken place are on a minimum of a one to two-year term with an auto renewal taking place when the contract expires. During the pandemic, it made our customers realize the value that Service 800 brings to the clients in the form of providing valuable information to not only help their growth within their own companies, but it also helps them be better providers to their customers as well. We continue to look forward to growth into each division of these companies and expansion to exceed expectations that have been set. We value these customers and are looking for all of the positive growth we have set for the remainder of the year and moving onwards to future years to come.
Contract references mentioned in above paragraph:
September 28, 2020
Beyond Commerce's Service 800 Awarded Contract from Metrasens
Metrasens is the world's leading provider of advanced magnetic detection technologies. With a technology center and manufacturing facility in the United Kingdom, a North American sales and customer service hub in Chicago and a global network of distributors, the company's innovative products are designed to address deficiencies in conventional screening methods and make the world safer and more secure. Metrasens' mission is to take cutting-edge science from the laboratory and use it to create revolutionary, award-winning products that meet the distinct and diverse security needs of its customers. Metrasens' core technologies have a wide range of real-world applications, embodied by solutions that are easy to adopt and simple to use.
September 29, 2020
Beyond Commerce's Service 800 Awarded Contract from Compass Minerals
Compass Minerals is a leading provider of essential minerals focused on safely delivering where and when it matters to help solve nature's challenges for customers and communities. Its salt products help keep roadways safe during winter weather and are used in numerous other consumer, industrial and agricultural applications. Its plant nutrition business manufactures an innovative and diverse portfolio of products that improve the quality and yield of crops, while supporting sustainable agriculture. Additionally, its specialty chemical business serves the water treatment industry and other industrial processes. The company operates 21 production and packaging facilities with more than 3,000 personnel throughout the U.S., Canada, Brazil and the U.K.
October 1, 2020
Beyond Commerce's Service 800 Awarded Contract from Cargill
Cargill's 155,000 employees across 70 countries work relentlessly to achieve our purpose of nourishing the world in a safe, responsible and sustainable way. Every day, we connect farmers with markets, customers with ingredients, and people and animals with the food they need to thrive. We combine 155 years of experience with new technologies and insights to serve as a trusted partner for food, agriculture, financial and industrial customers in more than 125 countries. Side-by-side, we are building a stronger, sustainable future for agriculture.
October 5, 2020
Beyond Commerce's Service 800 Awarded Renewal Contract from GE
GE rises to the challenge of building a world that works. For more than 125 years, GE has invented the future of industry, and today the company's dedicated team, leading technology, and global reach and capabilities help the world work more efficiently, reliably, and safely. GE's people are diverse and dedicated, operating with the highest level of integrity and focus to fulfill GE's mission and deliver for its customers.
October 8, 2020
Beyond Commerce's Service 800 Awarded Renewal Contract from Steris
Steris is a leading provider of infection prevention and other procedural products and services. The company is focused primarily on healthcare, pharmaceutical and medical device Customers. Steris's mission is to help our customers create a healthier and safer world by providing innovative healthcare and life science product and service solutions around the globe. Founded as Innovative Medical Technologies in Ohio in 1985, the company was renamed Steris in 1987. However, some of the businesses that have been acquired and integrated into Steris, notably American Sterilizer Company, have much longer operating histories. We have approximately 13,000 associates worldwide and operate in more than 100 countries.
October 12, 2020
Beyond Commerce's Service 800 Awarded Contract from Vyaire Medical
Vyaire Medical's global workforce operates facilities around the world to manufacture and market more than 27,000 unique products for the diagnosis, treatment and monitoring of respiratory conditions in every stage of life.
Vyaire Medical Inc., a global company dedicated to respiratory care, enables, improves and extends lives with an unyielding focus on improving patient outcomes and increasing value for customers. The company consists of a conglomeration of well-known brands and was formed in October 2016 to serve healthcare providers with innovative devices and service solutions across the respiratory and anesthesia continuum of care. Headquartered in suburban Chicago, Vyaire's legacy brands have a 65-year track record of pioneering and advancing respiratory diagnostics, ventilation, and anesthesia delivery & monitoring. From original brands - including Bird, Bear, and JAEGER to industry leaders AirLife™, Vital Signs™, Viasys, and many others - Vyaire Medical is recognized, trusted and preferred by specialists in respiratory and anesthesiology healthcare worldwide.
October 15, 2020
Beyond Commerce's Service 800 Awarded Multi-Year Contract Extension from 3M
3M applies science in collaborative ways to improve lives daily.
Geordan Pursglove, Beyond Commerce's Chief Executive Officer, commented, "We look forward to continuing our work with a global company and industry leader like 3M. A multi-year contract extension demonstrates the value-add we provide in gathering actionable and quality customer feedback every day. Their trust in having us measure and improve their customer service is extremely important to us as we look to build long-term relationships."
November 2, 2020
Beyond Commerce's Service 800 Awarded Contract from Clarivate
Clarivate is a global leader in providing solutions to accelerate the lifecycle of innovation. Our bold mission is to help customers solve some of the world's most complex problems by providing actionable information and insights that reduce the time from new ideas to life-changing inventions in the areas of science and intellectual property. We help customers discover, protect and commercialize their inventions using our trusted subscription and technology-based solutions coupled with deep domain expertise.
Its customer base ranges universities, nonprofits, funding organizations, publishers, corporations, government organizations and law firms. Their trust in having us measure and improve their customer service is extremely important to us as we look to build long-term relationships.
