Wednesday, July 11, 2012

Erh -- It's (Past) Time To Update Your FAQs, Mr. Conway!

Here is what the mattersight.com FAQ No. 6 presently offers (link was accurate as of Noon on July 11, 2012):

. . .6. What have been the company’s revenue growth rates?

The growth rate for Mattersight’s principal revenue source, Behavioral Analytics subscriptions, was 50% in 2009, 33% in 2010, and 10% in 2011. While Mattersight’s subscription revenue growth slowed somewhat in late 2010 and early 2011, the company expects growth to re-accelerate back to historical levels in 2012. . . .


Well -- as of May 10, 2012 [on the "Regular Quarterly GAAP Losses Per Share Call"(!)], Mr. Conway indicated that revenue would be flat to down for at least the next two quarters. [BTW, when is the Q2 2012 conference call? No press release as of July 11, 2012.]

That is a far cry from between 33% and 50% growth, year over year.

'Tis (past) time to tell the truth, Mr. Conway -- update your FAQs.

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