The worst first quarter for 5 years. The MD is lucky it has not fallen much more. New sales ie new customers is basically non existent. It seems in the race between the hare and the tortoise M7T is the tortoise with three of its legs immobilised.
MD Mike Lampron has been banging on about sales for the last few years yet suddenly the focus is on anything but. The webinar today had zero spark. The sales team is not delivering and Mike Lampron needs to address this urgently otherwise this company will not achieve its true potential.
This company is in a great sector, with good products as evidenced by being in the top three for the Klass rankings so it’s not a product issue it’s a sales issue.
Lampron also said its pipeline has 4 times the coverage. I take this to mean 4 times the growth in CARR so that is about $28m in total…..happy to be corrected on this.
Close some deals otherwise this company will just be another also run.
M7T Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held
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