May. 20 at 12:50 PM
$IVFH Jesus. They are even struggling to say the right things to make everything sound rosy. Fucking disaster. Keep throwing that spaghetti, morons, something will stick eventually. 19% lower revenue year over year (and looks like around 25% from Q4?) for no reason other than "we can't sell our products". "We moved to a better, faster, more modern system and that's why revenue dropped".
We'll probably see an announcement that the CEO left months ago and one of the board members is going to be interim CEO. Obviously that will be a few months in the future, but I think Bennett saw the writing on the wall and then the accounting personnel whose departure was blamed for at least part of the delay of the financials. Annual meeting was supposed to be yesterday and no earnings call announced to accompany the earnings release. Pretty amazing how a company this tiny can be such a mess.