Martello Technologies Group Inc. (V:MTLO)
Business Focus: Application Software
| Sector: Technology | Industry: Software |
| Company Contact | |
| Address: | 390 March Road, Suite 110 KANATA ON K2K 0G7 |
| Tel: | 1-613-2715989 |
| Website: | https://martellotech.com |
| IR: | See website |
| Key People | ||
| Terence Hedley Matthews Independent Co-Chairman of the Board | John Proctor President, Chief Executive Officer, Director | Jim Clark Chief Financial Officer |
| Doug Bellinger Chief Technology Officer | Mike Danforth Vice President of Sales and Partnerships | Tracy King Vice President of Marketing | Rob Doucette Vice President - Product Management |
| Business Overview |
| Martello Technologies Group Inc. is a technology company, which provides digital experience monitoring (DEM) solutions to optimize the modern workplace. The Company's segments include Modern Workplace Optimization and Mitel. The Modern Workplace Optimization segment includes Vantage DX and Legacy Software Products. Mitel includes the Mitel Performance Analytics (MPA) product, software which is developed by it and sold by Mitel to its channel partners and enterprise customers to monitor and manage the performance of Mitel unified communications solutions. e Vantage DX provides Microsoft 365 and Microsoft Teams end user experience monitoring and optimization. It develops software that monitors and optimizes the user's experience of enterprise cloud communications and collaboration systems to help IT teams. Legacy Software Products, which include Gizmo, iQ, LiveMaps and Domino. It operates in Canada, the United States and Europe, the Middle East and Africa (EMEA). |
| Financial Overview |
| For the nine months ended 31 December 2023, Martello Technologies Group Inc revenues decreased 1% to C$12M. Net loss decreased 83% to C$4M. Revenues reflect Modern Workplace Optimization segment decrease of 1% to C$6.6M, Mitel segment decrease of 1% to C$5.3M, Australia segment decrease of 61% to C$179K, United States segment decrease of 8% to C$2.9M. Lower net loss reflects Impairment of goodwill decrease from C$18.9M (expense) to C$0K. |
| Employees: | 76 as of Mar 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $16.55M as of Dec 31, 2023 |
| Annual revenue (TTM): | $15.99M as of Dec 31, 2023 |
| EBITDA (TTM): | -$1.54M as of Dec 31, 2023 |
| Net annual income (TTM): | -$5.38M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$2.53M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $4.18M as of Dec 31, 2023 |
| Shares outstanding: | 543,707,430 as of Apr 2, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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