BPG - Black Pearl Group

[winner (n)]

"It is an exciting time for the company."

[Left Field]

Still an exciting time Winner?

YOY looks good but Qtr by Qtr comparisons not so impressive??

https://www.nzx.com/announcements/434516

KEY HIGHLIGHTS
 
 - Subscription Revenue: Achieved $1.5 million, marking a 143% year-on-year increase and a 15% quarter-on-quarter increase from Q4 FY24.
 
 - Annual Recurring Revenue (ARR): Reached $8.6 million as of 30 June 2024, reflecting a 162% year-on-year increase and a 16% quarter-on-quarter increase from Q4 FY24.
 
 - Gross Profit Margin: Achieved 73%, an improvement from 62% in Q1 FY24 and slightly lower than 75% in the previous quarter, Q4 FY24.
 
 - ARR Per Employee: Recorded at $252k as of 30 June 2024, exhibiting a 308% year-on-year increase and a 9% quarter-on-quarter increase from Q4 FY24.

[lorraina]

Most positive outlook I can remember reading.
FUTURE OUTLOOK

The US SME market, already hungry for relief from blind pay-to-play advertising and marketing, is now undergoing unprecedented disruption, increasing demand for our services even further.

Pearl Diver is set for substantial growth and has just started tapping into its higher-tier offerings. Our product development remains our greatest competitive advantage, with the Pearl Engine designed to penetrate new areas more quickly than anyone else.

The US market is vast, and we have already proven our growth capability there. As we continue to push forward, we are confident in our strategy and our ability to capture new market opportunities, driving sustained growth and delivering value to our stakeholders in the evolving business landscape.

[KW]

Still an exciting time Winner?

YOY looks good but Qtr by Qtr comparisons not so impressive??

https://www.nzx.com/announcements/434516

KEY HIGHLIGHTS
 
 - Subscription Revenue: Achieved $1.5 million, marking a 143% year-on-year increase and a 15% quarter-on-quarter increase from Q4 FY24.
 
 - Annual Recurring Revenue (ARR): Reached $8.6 million as of 30 June 2024, reflecting a 162% year-on-year increase and a 16% quarter-on-quarter increase from Q4 FY24.
 
 - Gross Profit Margin: Achieved 73%, an improvement from 62% in Q1 FY24 and slightly lower than 75% in the previous quarter, Q4 FY24.
 
 - ARR Per Employee: Recorded at $252k as of 30 June 2024, exhibiting a 308% year-on-year increase and a 9% quarter-on-quarter increase from Q4 FY24.

15% QoQ growth is nothing to be sniffed at, that's pretty good.  The question is whether its sustainable, or if its a one off such as a seasonal effect or the result of an acquisition.  And whether its just a transition from lump sum software licence payments to a SaaS model in which case its not really new revenue. 

[lorraina]

19 August 2024
Blackpearl Group Secures Growth Funding
Black Pearl Group Limited (NZX:BPG) is pleased to announce that it has today entered into a
NZ$5 million revolving loan facility with Bank of New Zealand.
Please see the below letter to shareholders for more information.
Letter to Shareholders
Dear Shareholders,
At our Annual Shareholders' Meeting I said that BPG had earned itself options.
Now, weeks away from reaching NZ$10 million in annual recurring revenue (ARR), we could fund
our growth from monthly net cash. However, our aspiration is to achieve true scale, one befitting
our market opportunity – after all, there are 33 million SME businesses in the USA.
As such, we are investing in increasing our velocity beyond what an operating net cash
investment could yield, with the ambition of growing to $20 million ARR in the next 1 –2 years.
To support this, the Board has today entered into a Growth Facility with Bank of New Zealand
(BNZ), becoming one of BNZ's select Project Scale Up clients. Having access to a non-dilutive debt
facility with a major trading bank reflects the great success we have had as a company to date
and our proven growth velocity.
The loan facility is for a two-year term and the purpose of the loan facility is for growth. BPG is
subject to a key financial covenant under the facility to maintain a minimum growth rate of 20%
per annum in its ARR.
We appreciate this is not the traditional growth funding approach for a technology business at
our life stage. Typically, we would issue new stock. While this is clearly an option for BPG, we do
not believe that our share price is an accurate representation of the company's value and we are
not going to dilute our shareholders by issuing stock at a bargain. If you want stock at the current
share price, buy on the market.
1 BLACKPEARL GROUP | Market Announcement
This facility means BPG controls the timing and terms of future growth funding.
Kind regards,
Nick Lissette
CEO

[Forrestdun]

Just a casual 525k shares changing hands