ReachOut Technology has marked its return to active trading following a comprehensive nine-month audit process that scrutinized its financial entities, including its original corporate structure and recent acquisitions. CEO Rick Jordan highlighted the company's resilience, pointing to the audit as a cornerstone for future expansion. Financial figures from Trading View underscore this optimism, with the company reporting gross profits of $783,578 for the quarter ending September 30, 2024, and $2,758,990 for the nine-month period, signaling enhanced operational efficiency.
A pivotal element of ReachOut Technology's strategy involves acquiring a substantial stake in TRUSTLESS, a blockchain security firm at the forefront of digital identity and data protection innovation. Jordan's dual role as CEO of both entities is expected to foster strategic synergies in tackling enterprise security challenges.
In a move to revolutionize service delivery, ReachOut Technology has partnered with Neo AI to develop the first fully autonomous Level 1 Technician. This initiative promises to enhance ticket resolution speeds by 35% and reduce costs significantly for managed service providers. The company's growth blueprint focuses on three key areas: broadening managed services, pursuing strategic acquisitions, and deepening market vertical penetration. With Kevin Harrington, a seasoned investor from Shark Tank, on its board, ReachOut Technology is well-equipped for its ambitious market expansion.
Jordan's recent presentation at CES's Web3 stage on enterprise blockchain security and his upcoming keynote at Cre8tive Con in Chicago on AI implementation strategies for 2025 further highlight the company's commitment to innovation. Additionally, the submission of a FINRA application for a name and symbol change marks the final step in its corporate restructuring. Industry observers, including Harrington, have lauded the company's strategic approach to scaling and innovation, positioning ReachOut Technology as a challenger to traditional MSP growth paradigms through its technological advancements and partnerships.
