otcmkts:xdsl – mPhase Technologies Inc Reducing Debt For Growth And Stability

Another penny stock to put on your watchlist is otcmkts:xdsl (mPhase Technologies Inc), showing excellent potential in the commercialization and providing applications impacting everyday people. We will start with a company overview, look at the market data, discover its press releases, and final thought. This will give us an overall objective on the direction and potential growth for the company.

otcmkts:xdsl develops and commercializes artificial learning applications for telecommunications, travel, learning, and nanotechnology. mPhase currently has five segments. It includes online training, travel planning, consumer engagement, battery technology, and data analysis. The organization was founded in 1996 and is headquartered in Gaithersburg, Maryland.

mPhase was a key entrant in the nanotech battery space. Their development agreement was pioneered through the Bell Labs division for exploration and research. A decade ago, the company developed a series of patents and prototypes of smart surface batteries. The battery development project is currently in the partnering stage.

Today, the company is more revenue-focused, with businesses focused on travel technology, customer engagement, and learning systems.

Currently, otcmkts:xdsl is mainly involved in nanotechnology, pivoting into a new software business in 2019. The company is now strategically positioned to build multiple revenue streams.

The company’s tech center develops in-house solutions including cybersecurity, artificial intelligence, blockchain, and machine learning. This company is focused on collaborative discoveries that create innovation and success for its users.

Today the company has 120 full-time employees throughout India, the U.K, and the United States. It is now a publicly traded pink sheet company.

mPhase Products

Nano Battery

This smart surface product has been created for military and commercial applications. The underlying technology is a porous nanostructured membrane that controls the flow of liquids. Since the researchers started using nanotechnology for batteries, it ultimately improves the droplet movement’s control. This provides the battery designer with additional control, preventing battery reactions by separation.

Travel Buddhi

The company acquired Travel Buddhi, a platform that enhances travel through customization tools to customize travel experiences currently unavailable in the market. The platform mainly aims to understand the traveler’s profile and reactions while enabling personal preference and budgets. The platform delivers curated content, advanced itinerary, and numerous reservation options to track user engagement.

The innovative software provides a new way to schedule a trip, which improves the travel experience throughout the experience, and across the journey.

The platform was designed using itinerary algorithms and grants industry-leading customization, far beyond other sites’ bounds.

When the itinerary is finalized, travelers can bid for their itinerary. The platform is partnered with travel agents, travel hosts, and travel enthusiasts who bid for this program. This enables the traveler to have a comparison in choosing the right bookable service.

Learning Track

This technology was developed as an education vertical, utilizing advanced technology for an e-learning platform. This is a handy tool to monitor the teaching process and is mainly used by instructors or administrators. The learning management system is primarily designed to identify training needs and learning gaps using reporting and analytical data. The technology provides eLearning sources including, healthcare, the education industry, and various professional businesses. The platform is used online and utilizes instructor-led training and online training.

The technology can transform learning and coaching needs and demands, providing unlimited access to information. This enables students to take their courses at any time and anywhere. The flexibility offered by this technology is valued when learners are busy, traveling, or working.

otcmkts:xdsl is currently trading at 0.2149 and has increased by 2.60% at this article’s time. The company’s 52-week range is between 0.0265 – 0.5150, with a volume of 16,500.

mPhase earnings date was on February 22, 2021. The company does not offer a dividend yield at this time. The company’s PE Ratio TTM is 2.87, with a market capitalization of 16,084 Million.

otcmkts:xdsl Reduces Debt

The company has paid off two convertible notes to avoid dilution and reduce the company’s overall debts. At this time, the primary management goal is to pay off the notes before their due date to avoid any further dilution.

Anshu Bhatnagar, the CEO, commented. otcmkts:xdsl incurred some one-time costs for infrastructure needs to grow the company. The organization has generated sufficient cash flow to pay off our debt. We will be in a better position to pursue growth projects, which are being evaluated presently. Having a solid business is an essential attribute in discussions with potential partners. The company will enter a growth phase. We are currently focusing on revenue-producing projects within our technology categories.

otcmkts:xdsl Announces New Technology Projects

The company reports that its increased cash flow has enabled them to accelerate work on various new projects through its learning management system. This work mainly involves development work for a channel partner and a significant new client. The company’s improving financial stability also enables the company to increase its bidding on additional projects, leveraging the expert teams in data analysis and AI.

otcmkts:xdsl Will be adding resources throughout the key areas to support the development efforts. mPhase is working with its first project for a significant Japanese client to expand its client base to global markets. The company’s new contract work will generate revenue growth throughout the future quarters.

There were some concerns from investors about the company paying off the convertible notes. The company is pleased to report that it has already paid off two additional notes, which now makes six notes already paid. The company will continue to pay off the remaining notes in the foreseeable future.

Anshu Bhatnagar, the CEO, commented. As our cash flow continually improves, it enables the company to pay off debts and grow the business. otcmkts:xdsl Goal for 2021 is to become a growth company throughout our existing business and accelerate growth through additional projects currently in development.

The company’s revenue has been stable, enabling us to generate new revenue sources throughout the coming quarters.

otcmkts:xdsl Fourth Consecutive Profitable Quarter

The company has reported results for the second quarter ending on December 31, 2020, achieving their fourth consecutive profitable quarter.

otcmkts:xdsl revenue increased to $7.6 Million, which is an increase of roughly $75,000. The company’s revenue was consistent and mainly driven by the artificial intelligence technology services and platforms, generating $6.2 M in subscription revenues. Additional revenue was $0.9M for service and support and $0.5M for application development and implementation.

The company’s gross profit revenue increased by 26.3%, 70 basis points higher than the previous quarter.

Anshu Bhatnagar, the CEO, commented. The company has spent the year positioning itself on several projects. We have actively been improving our cash flow and structure to support growth throughout our projects. The company remains steady, with the readiness for growth and expansion. The technology team is in place. We are constantly capturing new projects that will ultimately add to recurring revenue streams. The company remains focused on expanding the customer base and geographical reach. The company has achieved consistent profitability, with significant tax loss carryforwards, shielding us from income taxes for many years ahead.

otcmkts:xdsl To Expand Board Of Directors

The company is actively interviewing prospects to expand its board of directors. The company wants to include at least five members, with the majority being independent.

Additionally, they plan to implement a code of conduct covering insider trading, ethical considerations, and business practices. The company aims to have the procedures in place within the next 60 days.

Anshu Bhatnagar, the CEO, commented. The company has spent months of work in our capital structure and new business initiatives. The company aims to improve its corporate governance to expand its shareholder base.

This will also enable the company to position itself for many partnerships and other projects under consideration. The company will have a corporate upgrade throughout the next few months to improve future growth and pending opportunities.

The company is actively pursuing several growth projects in the core artificial intelligence and data analysis businesses. These technology innovations will ultimately add to revenue growth and expansion in the coming years.

mPhase is undoubtedly an emerging company to pay close attention to over the coming months. The company has 120 full-time employees throughout India, the U.K, and the United States. It is now a publicly traded pink sheet company.

otcmkts:xdsl pioneer in artificial intelligence and data analysis to a wide range of organizations globally and consistently seek to expand their projects, partners, and geographical reach.

We learned that the company was actively looking for ways to reduce its debt, by paying off its convertible notes before its due date. This has ultimately helped the company maintain a strong business that attributes the discussions with potential partners.

The company will enter a growth phase. They are currently focusing on revenue-producing projects within their technology categories.

There is no doubt that the company will keep up payments of the convertible notes in the foreseeable future. Additionally, the company shows potential revenue growth backed by the reports of its increased cash flow; it has enabled them to accelerate work on various new projects through its learning management system as the company’s cash flow situation continues to improve. It is ultimately allowing the company to pay off debts and effectively grow its operations.

otcmkts:xdsl Goal for 2021 is to become a growth company throughout their existing businesses and accelerate growth through additional projects currently in development. This will allow the company to pursue the larger market in communications with their innovative technologies. But we will have to tune in for further updates to discover the currently explored projects. You could assume that there is a chance the company could be entering a new growth phase.

The company’s gross profit revenue increased by 26.3%, 70 basis points higher than the previous quarter. otcmkts:xdsl continue to improve their revenue streams and financial position in the 4th consecutive quarter. The company has achieved consistent profitability, with significant tax loss carryforwards, shielding them from income taxes for many years ahead. As the company remains in the black, it will enable them to expand more rapidly and seek new opportunities globally.

To help in the company’s expansion. It will add a new board of directors. It will be adding a stringent code of conduct throughout the coming months. It will ultimately position the company to attain new and significant partners and to expand its shareholder base. The company will have a corporate upgrade throughout the next few months to improve future growth and pending opportunities.

This is a stock to watch over the coming months, demonstrating growth and sustainability for years to come. Their technology innovations will ultimately add to revenue growth and expansion globally.

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