Business
Beyond Commerce Reports Record Second Quarter 2019 Results
Beyond Commerce Reports Record Second Quarter 2019 Results.
About this update from Beyond Commerce, Inc.
[{"type":"text","content":"Gross Margin of 69% on $1.3 Million RevenueLAS VEGAS, NV / ACCESSWIRE / August 15, 2019 / Beyond Commerce, Inc. (OTCQB: BYOC) (the “Company”), a provider of B2B internet marketing analytics, technologies and services, announced the company's financial results for the second quarter ended June 30, 2019. Of note, Beyond Commerce closed its acquisition of Service 800 on March 4 and its acquisition of PathUX on June 4.Key Financial Highlights for Q2 2019:Revenues increased to $1.3 millionGross margin of 69%Key Business Highlights for Q2 2019:Closed acquisition of PathUXInitiated integrations and growth plans for Service 800 and Path UX businessesManagement Commentary“Our second quarter results primarily reflect the ongoing Service 800 business, as we had just closed that acquisition on March 4 and since closed the PathUX acquisition on June 4,” commented, Geordan Pursglove, Beyond Commerce’s Chief Executive Officer. “We are now in midst of re-energizing the sales engines at both Service 800 and PathUX, initiating cross-sell opportunities, introducing new products and expanding their markets. We expect these initiatives to drive growth over the next few quarters. Additionally, we are in active and discussions and negotiations with several acquisitions.”Pursglove, added, “During the second quarter, Service 800 signed a significant deal with Thermo Fisher Scientific which reflects the types of opportunities we are going after and can be successful in. Our recent stock performance is absolutely not reflective of all the business traction and success we are gaining in the market. We feel that recent and constant selling pressure has negatively affected our share price and is unrelated to the company's business performance. The future is bright at Beyond Commerce and we look forward to continuing to communicate our business progress.”Recently Announced ContractService 800 Awarded Contract from Thermo Fisher Scientific - July 30Signing of Thermo Fisher Scientific into an initial multi-month pilot program with Service 800 to design programs and provide resources to measure every day customer service. The program methodology goal is to deliver accurate metrics needed to build and measure an effective customer journey map. Service 800 program reveals the actions and behaviors that accomplish long-term objectives for companies such as Thermo F...