[U] And — Right On Cue! — Four Patents Announced; But ZERO GAAP EPS, Or EBITDA…

UPDATED: 01.10.2018 @ 2 PM EST — Bob adds, cogently, and correctly — thus:

When the company is struggling to make a profit and they waste time and money on this crap, you know their personal goals and incentives are not properly aligned with shareholder’s interests. The board of directors must step up and start firing people. Begin with Danson…. [End updated portion.]

It all gets rather redundant… after about six straight years. Or 19.

A goofy, and wildly over hyped patent announcement, this time four shiny new ones (total is now 45) because there will be NO GAAP EPS, for the year 2017 — or Q4, either.

And no announcement of any actual booked revenue deployments — on the long delayed big contracts — nor any others, for that matter.

Y A W N.

“Bob” has great, original stuff in the comments to a prior post below. When I am off trial (likely tomorrow afternoon), I will make them a shiny new post. He is right — Trump’s Tax Plan hurts Mattersight’s quite meager value — as a potential takeover target (by greatly decreasing the realizable value of its Accumulated Deficit and NOLs).

Onward.

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2 thoughts on “[U] And — Right On Cue! — Four Patents Announced; But ZERO GAAP EPS, Or EBITDA…”

  1. When the company is struggling to make a profit and they waste time and money on this crap, you know their personal goals and incentives are not properly aligned with shareholder’s interests. The board of directors must step up and start firing people. Begin with Danson.

  2. The headline for the press release really caused a laugh, “Mattersight Issued Four New Patents Signaling the Future of Analytics”! The FUTURE of analytics? Wow, they must be true leaders and innovators and the world is beating a path to their front door bringing bags of Benjamins. “Please”, Kelly Conway would reply, “We only accept Bitcoin now.” They must be speaking at all the analytics conferences and publishing in the peer-reviewed, academic journals. You know, the ones where you actually provide proof that your claims hold up.

    We live in a world of highly inflated claims (HUUGE). HTML programmers became “Webmasters”. Business analysts became “Blackbelts”. Common software development methodologies and roles are recast with new words (Agile, Scrum Masters, etc.). Finally data analysts have elevated themselves into “Data Scientists”, even though they use off the shelf tools or technologies built by others in their pursuit of their “science”, but they’re really doing pretty much what people who analyze data have been doing for quite some time.

    And the parade of patents continues, thanks to the America Invents Act of 2011 that changed “first to invent” to “first to file” allowing some pretty thin claims that never get turned into products or obvious ideas that are already in wide practice that get rubber stamped by the USPTO as it seeks to buff up it’s statistics on patent grants in an effort to demonstrate the vitality injected into the economy by the previous administration. “We got 1.5% growth, but look at all the patents!”. In MATR’s case, “We’ve lost $280 million dollars, but look at all the patents!”. It reminds me of the scene from 2001: A Space Odyssey where Dave Bowman travels through the star gate created by the monolith orbiting Jupiter and exclaims in awe, “My God. It’s full of stars!”. Life in a world of fantasy is truly wonderful.

    Here’s a bit of advice for all of you who work in a company that churns out patents with the same small cadre of people claiming credit. If you come up with a unique idea on your own, just STFU and go get your own patent attorney and then talk to a real venture capitalist. In today’s world, you’re not going to get credit for something you invented unless you file first. If your loose lips let the idea fly into the open, there’s always an eager executive with keen hearing who gets real cash money and stock for filing that patent for themselves.

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