mPhase Technologies, Inc. President, Ram Mantravadi, called in to SmallCapVoice.com to discuss the Company business model and the markets they serve. Mantravadi detailed how XDSL not only survived the pandemic but excelled bringing on new clients like Nathan’s Famous Hot Dogs, McDonalds and more. mPhase turned profitable in 2020 and set the goal of annual revenue of $30 million.
The existing client base in the travel industry for Travel Buddhi, helped keep mPhase on a positive trajectory throughout 2020. In addition, Travel Buddhi is adding new agent customers signing each week. Matravadi sees an uptick in the travel industry as the pandemic winds down. He also noted that Travel Buddhi achieved the goal of developing multiple revenue streams, beginning with core recurring monthly subscription revenue and eventually adding transaction-based revenue.
mPhase is a technology driven, innovative development company that creates and commercializes products and applications that impact everyday people. The Company is assembling industry-leading teams specializing in artificial intelligence, machine learning, software, consumer engagement, and other advanced technologies. Additional information can be found at the mPhase website, www.mphasetech.com. Please follow us on twitter: @mPhase_Tech for the latest updates.