Video Transcript:
I’m fortunate to have an extremely smart and fun and great team in EndoTech, but the addition to the EndoTech that I found in you guys is just amazing, so thank you so much.
And again, the reason for this page is that, as every procrastinator, I was preparing this presentation during the last week or two, and it came to me that everything that we do right now, it’s actually the culmination of something that we were dreaming for a long time and you are the team to take it there. It’s something extraordinary that happened to us and something that we got the name for it now, and that’s why this page will help to guide me through the definitions and help you to understand where we are and what will happen to us because again, we’ve reached something extraordinary.
EndoTech, something extraordinary happened during the last eight months, and you are a huge part of it. EndoTech exploded. We are a very, very profitable company with a high cash flow. We reached over $100 million in gross revenues thanks to you and thanks to our other partners in business. Our monthly volume is this presentation, these pictures were done in June, so guess how much we had in August, off the charts, $2.5 billion in monthly revenues. Total assets under management are $150 million. It’s much more right now. And the final number, total connected accounts, again, $155, now we’re talking about close to $165.
So do you know what it means? It means that EndoTech became a company, which is what we promised to be in the end. We crossed the valuation and for any of you who are in the valuation business and know about market capitalization, we are a technological SaaS company. Does anybody know what are the multipliers over the revenues for technological companies? Twenty. Good choice. Between 10 and 40, and for the companies, it grows like that. It’s the better half. So we did something, which I personally, when we were doing it in January, I said, “Yes, probably we’ll get there.” But when? I was not expecting it to be in eight months.
But the most important number that the new category that we created in investments, that the new world that we are creating investment is this one, over $60 million was brought to our clients within the last eight months. This is kind of … Please, please give us a big round of applause for $60 million in profits.
We as EndoTech, we as EndoTech created wealth, not for the big guys, but for the small guys that put between hundred dollars and more. So for me personally, it’s a huge achievement because nobody, literally nobody in the world made these things for retail clients. Again, this concept came to us just over the last few weeks we are creating a new world and a completely new definition of finance, breakthrough financial opportunities.
