So I did an analysis of the sales made according to their 4c and annual report and sales need to increase by over 4000% to make this business profitable and sustainable imo.
This is an impossible task given the continuous momentum in the opposite direction. For a b2b sass business in a specialist vertical to make this turnaround is extremely hard. When you have bod that installs a proven failure at new business the writing is on the wall.
imo I reference the ceo’s sale of workconnex to afw. No mentionable sales of that product has been made.
if anyone thinks a 4000% sales increase is possible you should buy this puppy, if not afw rip.
Ann: March 2023 Quarterly Activities Report, page-21
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