Wednesday March 2 2022 - In the News

The Globe and Mail reports in its Wednesday edition that Echelon Partners analyst Rob Goff rates Vsblty Groupe Technologies "speculative buy" in new coverage. The Globe says he is currently the lone analyst on the Street covering the stock. Mr. Goff says in a note: "Vsblty is approaching a massive inflection point, where execution on existing project deployments will see triple-figure top-line growth for three consecutive years spanning 2021-2023, while that trajectory 'slows' to an 58-per-cent CAGR [compound annual growth rate] from 2022-2027. Additionally, gross/EBITDA margins are set to showcase SaaS economics, as an increasing unit deployment cadence brings both increasing recurring monthly revenue and growth, while the company's existing low-margin hardware sales transition from leader to laggard." The Globe says Mr. Goff thinks the Vsblty, which provides digital retail solutions, including QR codes and mobile applications, offers "clear potential" to exceed its current $110-million market capitalization. He cites the "scope of environments its innovative artificial intelligence AI-powered software is helping to revolutionize."