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    Steven

    Research Analyst at ABL Investments

    Steven Munsie is an Analyst at Lead Edge Capital, specializing in sourcing and evaluating investments within the software, internet, and technology enabled services sectors. He covers a range of technology-driven companies and recently joined Lead Edge in 2024 after gaining M&A and operational experience at Fidelity Memorial Group. Steven holds a B.S. in Economics from the Wharton School of the University of Pennsylvania and is currently based in New York. His credentials reflect a strong foundation in economics and transactional work, supporting his analytical approach in tech-focused investment analysis.

    Steven's questions to Visionary Holdings (GV) leadership

    Steven's questions to Visionary Holdings (GV) leadership • Q4 2019

    Question

    Steven from ABL Investments asked about the sustainability of high gross margins, the expected margins on new MSA work, the reasons for the high tax rate, potential large contract bids, the impact of the Coronavirus, and the possibility of a share buyback or tender offer.

    Answer

    SVP and CFO Stephen Weary stated the gross margin target is 16% to 19%, while Chairman, President and CEO John Sottile reiterated that margins will vary quarterly due to project timing and startup costs. Sottile and Weary attributed the high tax rate to non-deductible expenses like per diem payments. Sottile confirmed the company is bidding on substantial new contracts, has implemented Coronavirus contingency plans, and is actively considering a share buyback as a use of capital.

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