The Web Conferencing Blog

Genesys Delisted from NASDAQ

Genesys Conferencing announced that its American Depositary Shares (ADS) will discontinue trading on the NASDAQ Global Market.

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Genesys Lay-offs!!!

Confirmed by a close insider, last week Genesys, a teleconferencing provider, laid-off a large part of its sales team and executive management team, mainly VP's. The reason...Genesys needed to shake things up since the company was not hitting the revenue target goals.

Today's stock price for Genesys (GNSY) = $1.45 a share

I presume the numbers below played a large part in the lay-offs:

Profit Margin: 0.30% [Lack of Profitability]
Return of Assets: 6.47% [Lack of Effective Management]
Return on Equity: 2.82% [Lack of Effective Management]
Quarterly Revenue Growth: (-5.50%) [Lack of healthy Income Statement]
Quarterly Earnings Growth: (-97.60%) [Lack of healthy Income Statement]
Total Cash: 8.54M and Total Debt: 44.18M [More debt than cash]

Thanks,
David Chao
The Web Conferencing Expert