Getr

Global Enterprise Tech Resources, Inc. (GETR) is an Information Technology services and consulting company that provides key IT application services, with a specialization in SAP application services. Here are some key points about the company: 1. **Company Overview**: GETR was founded by experienced SAP consultants to provide SAP support in the most cost-effective way and provide the highest ROI to the client. The company focuses on the Automotive Tier 1 Supplier market and provides services such as SAP implementations, support, upgrade, and cloud-based services. 2. **Market Position**: GETR operates in the SAP ecosystem and serves clients in the Automotive Tier 1 Supplier market. The company has a strong focus on emerging technologies in SAP such as Fiori, Hybris, S/4HANA, MDG, Mobility, and Portal. 3. **Services Offered**: GETR provides a range of SAP services, including blueprinting, business process re-engineering, SAP implementations, support, upgrade, and cloud-based services. The company also offers innovative support models such as fractional FTE, retainer hours, and on-demand support. 4. **Financial Performance**: GETR has reported a net loss of $15.524 million for the quarter ended September 30, 2024, compared to a net loss of $27.346 million in the previous year. The company's revenue for the quarter was $22.4 million, down from $23.8 million year-over-year, primarily due to suspended operations in New York State. 5. **Strategic Moves**: GETR has announced plans to shut down its U.S. operations, including both car-share and HyreCar businesses, while maintaining operations in European markets. This decision was made after facing ongoing liquidity challenges despite significant profitability improvements and restructuring efforts. In conclusion, GETR is a company with a strong focus on providing SAP services, particularly in the Automotive Tier 1 Supplier market. The company has a range of services to offer, from implementation to support and cloud-based services. While the company has reported a net loss, it has also seen improvements in profitability. The decision to shut down U.S. operations may have implications for its financial performance in the short term, but the company's focus on emerging SAP technologies and its strategic service offerings suggest a promising future.