Reporting to the office is meaning going online more frequently these days, what with social distancing and being responsible in refusing to spread the coronavirus (COVID-19).
Ottawa-based Martello Technologies Group Inc. (TSX-Venture:MTLO) has seen an increase in inquiries related to remote work. The Company, a leading provider of solutions that deliver clarity and control of real-time services on more than 5,000 networks in 175 countries around the world, today shared a business update for investors.
MTLO continues to focus on the growth of its approximately $1 million in monthly recurring revenue and the health and safety of its employees around the world. As capital markets weather increased volatility, Martello's recurring revenue model provides predictability and upside for investors.
CEO John Proctor paid tribute to his employees for keeping the process going, adding. "We believe that our disciplined approach to building MRR, which represents about 90% of total revenue, provides our investors with stability and predictability amid the uncertain market conditions we are currently experiencing."
Martello shares worked their way into Tuesday noon EDT up 4.5 cents, or 32.1%, to 18.5 cents, on volume of 109,000 shares.
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