Feb 4, 2021 Ankit Singhania

Universal PropTech: RichTV in Discussion With the CGO Frank Carnevale

The Universal PropTech stock has been in the news this week and hence it came as no surprise that the stock was the focus of the latest video published by RichTV Live.

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Rich Tv has quickly become one of the most popular channels for investors and over the past months, it has regularly published videos that provide a lot of information about specific companies. That, in turn, helps investors in making informed decisions.

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Another important aspect of the channel is that it often invites executives from companies it covers for informal chats and those discussions often prove to be highly illuminating. In the latest video, Frank Carnevale,  the Chief Growth Officer of Universal PropTech, participated in a wide-ranging discussion with the Rich Tv Live host.

The discussion started off on the business of Universal PropTech Inc(TSXV:UPI) and the sort of money that it generates every year. Carnevale tackled the second question first. He stated that on a historical basis, the company did business worth $10 million a year and although the company is in existence for around four decades, there was not a lot of growth on that score.

However, thing might be improving slowly but steadily. On the matter of the sort of business that the company is involved with, he stated that the main business of the company is related to providing maintenance to control equipment at federal facilities.

As everyone knows, working with the federal government can often prove to be quite lucrative and hence it is no surprise that the company has come into focus among investors in recent times. That being said, the company is no longer only involved with an above-mentioned line of business.

Carnevale said that the ownership changed hands and after the management is looking at a range of ways in which it could turn Universal PropTech into a powerhouse in the HVAC space. On the other hand, the company also worked hard towards cutting costs substantially and that is another factor that is necessary to take into consideration when analyzing Universal PropTech. The chat proved to be a highly informative one and it could be worthwhile for potential investors to check it out.

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