RocketFuel CEO Peter Jensen joined Steve Darling from Proactive to discuss the company's decision to delist its shares. The primary reason behind this move is to allocate resources more efficiently towards customer service and business expansion, as complying with SEC requirements has proven to be both costly and time-consuming. Jensen emphasized that the decision to delist will allow RocketFuel to place a greater focus on serving its clients rather than maintaining detailed financial records.
He also mentioned concerns about potential stock manipulation, which could have contributed to the decline in the company's stock value. For long-term investors, this delisting is unlikely to have a significant impact on their investments, as the core operations of the business remain unaffected. Jensen highlighted the company's impressive growth track record, with six consecutive quarters of doubling revenue.
While unable to provide specific Q4 numbers, he expressed confidence in achieving their growth objectives. It's important to note that the decision to delist shares will not impact the day-to-day operations for customers and partners, as RocketFuel continues to process thousands of transactions daily. Overall, RocketFuel Inc. aims to streamline its resources to support sustained growth in the year 2024.