The company is worth more than $4.00 a share. Just be patient and let the new strategy play out. Many of us have been waiting a very long time for this to come in. Another 6-12 months is not going to hurt that much. We will know by then if this last quarter was just a fluke or a sustainable growth story. Everyone wants the big wins but management has stated the new strategy is to go after the mid market companies that are underserved. I really don't care how they get the sales, as long as they show growth.
TIS announced partnership with Avoka's Australian office in 2015. Avoka has 3 offices ( Sydney, London and U.S.) It makes sense that Avoka partnered with Mitek in the U.S. because Mitek has a relationship with most of the big banks via mobile deposit. This pr does not mean Avoka stopped the TIS relationship.
TISA is a software company. They are not making refrigerators. P/S of 1 when piers in the space are at 2 to 4 x sales. Mitek is 8x sales..
You must have shorted this today. All your comment is BS. You obviously know nothing about the company. Recurring revenue is 5 million a quarter. Break even around 8 million.
The words in parenthesis are off the TIS website with a link to the latest investor presentation. (A copy of our latest Investor Conference presentation can be downloaded here). The problem is the slides are from September 2015. Tis has presented at more recent conferences but has not been willing to update the slides on their website. The slides from September 2015 are so off base they should be immediately taken down. The revenue projections are borderline criminal in nature. This to me is proof that the current management does not care about the investment community. What are we in store for Tuesday? Let's hope the call is a turning point in the right direction.
This is out of a article about Keycorp that was tweeted out by TIS. Go to TIS Twitter page to see the link. Is there a pending announcement coming with Keycorp? Why would this be tweeted out by TIS? ---------------------------. KeyCorp plans to drive significant cost savings via an 11 percent consolidation of branches. Then it intends to reinvest part of the cost savings into online and mobile solutions and digital channels — where transactions are growing significantly faster than branch transactions — as well as in strategic partnerships to improve automation, regulatory compliance, and customer experience.