New IPO for those interested.
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/BPG/403444/384880.pdf
Clever algorithms and cloud stuff to excite the SAAS tech masses interested in what looks like "Email communications branding' tech.
The financials, profitability and key customer details are rather vague.... Recurring Annual Revenue of $2.8 mill mentioned?? tho' elsewhere 2022 revenue looks less... IPO valued at $1.25 per share to give a Mkt cap value of around $40 mill. No real mention of such things as costs or profitability. Lots of talk about future acquisitions so no doubt some further Capital Raising likely.
I'm happy to watch this one from afar.
VTPE Investments, Arizona is the company's largest shareholder with 12.9 per cent. Teamwork Group holds the second largest with 10.2 per cent while Sir Owen Glenn is the fifth largest shareholder with 7.5 per cent.
Blackpearl chair Tim Crown, a co-founder of Arizona-based and Nasdaq listed Insight Enterprises.
I wish them well.
Black Pearl Group is a cutting edge high-tech firm out of the midwest awaiting imminent patent approval on the next generation of radar detectors that have both huge military and civilian applications.
So basically this is a business that gives money to cash burning businesses that nobody else wants to touch ::)
https://www.nzherald.co.nz/business/nzx-newcomer-blackpearl-group-targets-orphans/ML2UUKP6LVDPXK3NBPWTRW52CQ/
"So there's a ton of orphan companies out there that were geared up to grow to the moon if they had enough capital, enough resources, enough management and enough time. But with what's happening out there right now, those companies don't really have a lot of options.
"What do they do? Do they continue to do what they're doing? Do they try to seek more capital? And this is where Blackpearl comes in.
https://giphy.com/clips/justin-homer-simpson-bushes-backs-away-cOzyUgoJljvhut2G0E
Not a good start.... ( and not unexpected IMO)
From NZ Company register....
"The price of BPG has fallen from its $1.25 listing price on 2 December 2022 to $0.40, being the price at 2:15pm on 7 December 2022. This represents a fall of 68% over the four trading days it has been listed.
Given this fall in the price of BPG shares, please advise NZ RegCo whether BPG continues to comply with Listing Rule 3.1.1."
I'm interested to hear Simon Henry's take on why the share price tanked after IPO. Which piece of Eurasian Fluff did they put on page 50 of their Prospectus?
Another disastrous IPO. Whatever rules there are governing IPO's, they clearly aren't strong enough. NZX doing it's best ambulance at the bottom of the cliff impression yet again.
Quote from: KW on Dec 02, 2022, 12:30 PMSo basically this is a business that gives money to cash burning businesses that nobody else wants to touch ::)
https://www.nzherald.co.nz/business/nzx-newcomer-blackpearl-group-targets-orphans/ML2UUKP6LVDPXK3NBPWTRW52CQ/
"So there's a ton of orphan companies out there that were geared up to grow to the moon if they had enough capital, enough resources, enough management and enough time. But with what's happening out there right now, those companies don't really have a lot of options.
"What do they do? Do they continue to do what they're doing? Do they try to seek more capital? And this is where Blackpearl comes in.
https://giphy.com/clips/justin-homer-simpson-bushes-backs-away-cOzyUgoJljvhut2G0E
They've announced a cash raise, and to be fair they had flagged access to equity as key reason for their listing. So no surprises there but beyond that I struggle to get my head around this?
The Herald article that KW posted, says that Blackpearl, "
styles itself as an acquisition company" targeting "a ton of orphan companies out there that were geared up to grow to the moon if they had enough capital, enough resources, enough management and enough time. But with what's happening out there right now, those companies don't really have a lot of options."
However; in the CR document puffery (http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/BPG/419580/404653.pdf) they say that they operate a SaaS recurring revenue model based on their data and sales products. There's no mention at all of acquisitions, orphans or anything at all of that nature.
So who they are and what they're trying to do is a bit confusing...but wait there's more...
They claim annual recurring revenue of just over $4m from 3800 customers...which means they're pulling the grand total of $1k per annum per customer. Yet; they also reckon they have "average customer billing" of NZ$308.72/month" - which would be $11.7m pa. Maybe it's just my math?
Either way, they're going to need to exponentially increase accounts to make any real cash. They have increased ARR by nearly 60% for YTD but when you're coming from a $1.5m start base that kind of growth should be expected. Churn is low at less than 4% but again, you'd expect that with most contracts being newly minted.
They have four products, like Blackpearl Mail which, "transforms daily company email into a demand generating marketing tool." What does that actually mean? The only one explained in any depth (and that too is mighty scanty) is Diver - which they claim, "uses an identity graph to identify anonymous website traffic." This is then collated to provide "visitor profile cards" that give "valuable firmographic, demographic and behavioural information" for targeting marketing campaigns etc. Okay?
A future profitability date of around mid year 2024 to early 2025 is suggested via a hard to read graph, this is apparently modelled on the previous rate of customer gain. There is nothing by way of evidence beyond this.
I might be being much too cynical for a Saturday afternoon but it kind of gives off those BIG UN vibes. (https://www.youtube.com/watch?v=_8mduTEvnU0&ab_channel=TheBillablog).
Madison raved that after this interview with BpG CEO share price rocket up to a new high
I haven't listened to
https://www.iheart.com/podcast/1049-continuous-disclosure-89308442/episode/business-spotlight-nick-lisette-from-blackpearl-118809189/?keyid%5B0%5D=Stock%20Takes&keyid%5B1%5D=Business%20Spotlight%3A%20Nick%20Lisette%20from%20Blackpearl%20Group&sc=podcast_widget
Thanks for the link, Winner. An interesting listen, Mr Lissette certainly has the gift of the gab. A grand salesman.
So, potentially they're the next Xero. NZX's best kept secret even. Backed by smart money in Sir Owen Glenn and a bevy of savvy Stateside investors... Lots to love, he says.
Maybe they just need to channel a bit of their fancy AI into creating cohesive and coherent documentation then they'd be swell.
Shame about the lack of acquisitions. Sounds like a golden ESG opportunity that... adopt (https://www.youtube.com/watch?v=LH6MstVxehQ&ab_channel=SonyPicturesEntertainment) one of these poor orphan companies - clothe it, feed it, shelter it... Brings a tear to my eye.
Quote from: Hectorplains on Oct 07, 2023, 12:28 PMThey have four products, like Blackpearl Mail which, "transforms daily company email into a demand generating marketing tool." What does that actually mean?
Basically they host "digital email signatures" that get added to a company email, along with embedded advertising.
From today's stunning result;
Looking forward, Blackpearl Group is positioned for a dynamic future.
https://www.nzx.com/announcements/429526
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/BPG/429526/416701.pdf
Crikey..... demonstrating "hyper growth"
Blackpearl Group (BPG) today presents its results for the fourth quarter ending on 31 March 2024, demonstrating hyper growth and strategic advancements.
KEY HIGHLIGHTS
- Subscription Revenue: Achieved $1.3 million, marking a 184% year-on-year increase and a 10% quarter-on-quarter increase from Q3 FY24.
- Annual Recurring Revenue (ARR): Reached $7.4 million as of 31 March 2024, reflecting a 177% year-on-year increase and a 33% quarter-on-quarter increase from Q3 FY24.
- Gross Profit Margin: Achieved 75% for Q4 FY24, showing significant improvement from 52% in Q4 FY23 and 73% in the previous quarter, Q3 FY24.
- ARR Per Employee: Recorded at $230k as of 31 March 2024, exhibiting a 359% year-on-year increase and a 25% quarter-on-quarter increase from Q3 FY24.
Quote from: Left Field on Apr 15, 2024, 10:07 AMCrikey..... demonstrating "hyper growth"
Blackpearl Group (BPG) today presents its results for the fourth quarter ending on 31 March 2024, demonstrating hyper growth and strategic advancements.
KEY HIGHLIGHTS
- Subscription Revenue: Achieved $1.3 million, marking a 184% year-on-year increase and a 10% quarter-on-quarter increase from Q3 FY24.
- Annual Recurring Revenue (ARR): Reached $7.4 million as of 31 March 2024, reflecting a 177% year-on-year increase and a 33% quarter-on-quarter increase from Q3 FY24.
- Gross Profit Margin: Achieved 75% for Q4 FY24, showing significant improvement from 52% in Q4 FY23 and 73% in the previous quarter, Q3 FY24.
- ARR Per Employee: Recorded at $230k as of 31 March 2024, exhibiting a 359% year-on-year increase and a 25% quarter-on-quarter increase from Q3 FY24.
I personally like the ARR Per employee reporting. Because we all know all good pirates on the Black Pearl go "Arr"
Latest update.....promising progress but some way off profitability..... if ever!
https://www.nzx.com/announcements/431996
KEY FINANCIAL HIGHLIGHTS:
- Subscription Revenue: $4.1m, marking a 183% year-on-year increase.
- Group ARR: Reached $7.4m reflecting a 177% year-on-year increase.
- Pearl Diver Product ARR: $4.9m only 13 months after launch.
- ARR Per Employee: Recorded at $230k exhibiting a 359% year-on-year increase.
- Gross Profit Margin: Increased to 71% for FY24 from 49% in FY23.
- Expenses: Increased 21% year-on-year, however declined as a percentage of revenue to 130% in FY24 from 297% in FY23.
- Cash Burn 3 month Average: Ended the year at $340k, a 42% decrease from its peak during the year.
- Revenue Churn: 4.0% as of March 31, 2024.
"It is an exciting time for the company."
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.
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.
Quote from: Left Field on Jul 16, 2024, 09:20 AMStill 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.
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
Just a casual 525k shares changing hands
Blackpearl Group FY25 Results
29/05/2025, 08:30 NZST, FLLYR
BPG FY25 Results - Investing now to capture growth
Blackpearl Group Limited (NZX:BPG) today announces its results for the year ended 31 March 2025, highlighting healthy operating metrics, including strong growth in Annual Recurring Revenue (ARR) and Average Revenue Per User (ARPU), whilst the Group continues to invest in its next phase of scale.
Hightlights
- $12.5m ARR, up 70% from $7.4m as at 31 March 2024
- $7.7m subscription revenue, up 91% from $4.1m in FY24
- $17.5k ARPU, up 53% over the last 6 months
- 68% gross margin, reflecting continued platform efficiency
- 17% of revenue from top 10 customers, up from 10% as at 31 March 2024
- Pearl Diver reached ~$10m ARR, only eight quarters after its full launch
- Signed new fixed-fee data supply agreement
- Raised $12.5m in growth capital
- Officially launched Bebop, following the most successful beta in the company's history
- Pearl Engine scaled 210x, now processing 21B rows/day
- Executed strategic customer transition for Pearl Diver has lifted ARPU
- Funded for ongoing growth, with $6.7m in cash and $4m in non-dilutive loan facility available.
Enabling Future Growth
Last year, we told investors we would invest in the next stage of growth – and we've done exactly that.
With $12.5m in ARR, and Bebop now launched, Blackpearl is positioned not just for $20m ARR but to build toward $50m and beyond. The Group has made targeted investments in people, infrastructure, and product – all designed to scale efficiently into larger markets.
Our strategic shift to higher-value customers is delivering results, and the successful beta and launch of Bebop has validated our ability to innovate, build and deliver new, high-impact products quickly.
"We now have the platform, the products, and the people to scale. FY25 was about building for what's next – and we're just getting started ..." – Nick Lissette, Chief Executive Officer
Financial Commentary
Subscription revenue grew 81% to $7.7m, supported by strong ARR uplift and deeper customer relationships. Our customer mix improved as we shifted focus to high-value accounts, resulting in a 50% ARPU lift over the past six months. While churn spiked during our ICP transition in Q3, it stabilised to 5.3% in Q4.
Gross margin held at 68%, down from 71% in FY24, reflecting a temporary overlap in data supply contracts. As legacy providers roll off in FY26, margin expansion is expected to begin from Q2. Beyond that, Blackpearl will start to accrue substantial margin benefit from the new flat fee arrangement, as revenue scales further.
Blackpearl ended the year with $6.7m in cash and retains access to a $4m undrawn non-dilutive loan facility with BNZ. We are sufficiently capitalised and well supported by our banking partner, with resources already in place to support continued product expansion and market growth.
"FY25 was about scaling with intent – we invested in product, people, and platform while keeping a clear path to sustainable margin growth." – Karen Cargill, Chief Financial Officer
Future Outlook
The AI opportunity is here – and our platform is purpose-built to capture it. Blackpearl is targeting $20m ARR within the next 7–12 months, with clear visibility toward $50m as both Pearl Diver and Bebop reach critical mass.
"We're positioned to lead AI-powered sales and marketing solutions for the US SME market. We've already proven we can execute, and now we're building for scale." – Nick Lissette, Chief Executive Officer
Quote from: lorraina on Jul 16, 2024, 09:21 AMThe 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.
This is even more true today than it was a year ago. AI engines have upended everything. People are not bothering to use Google search to find things - they just ask AI for an answer. So potential customers are never exposed to advertising. This on top of the likes of Google and Facebook increasing ad rates astronomically, to the point where a lot of users are finding the cost of customer acquisition exceeds the customer revenue.
I think companies will return to more old school forms of marketing and advertising. Like email lists. I notice Adairs is really focused on their Linen Lovers membership group, as they cost nothing to market to, and their revenue per customer is higher. The only way I know if Briscoes is having a sale is (a) its Briscoes, and (b) they email me everyday, sometimes twice a day.
However, having a good market opportunity does not automatically mean they are capable of capitalising on it. See RYM lol
So true KW I
As Tom Fishbourne from Market says -
Yet what I find particularly fascinating about the AI arms race is that customers and buyers are also starting to use AI agents. AI doesn't just promise a new and improved marketing funnel — it could upend the marketing funnel altogether.
Consumers fighting back?
Can't post cartoon as screen shot file too big but it's here if interested
https://marketoonist.com/2025/05/marketing-ai-agents.html
Anyone listen to the presentation?
Our platform was built to scale fast, but what matters most is product-market fit. This is one of the fastest go-to-market trajectories we've seen across the SaaS and AI landscape, and customers have rapidly validated our value proposition. We hit it out of the park with Pearl Diver, so it's extremely exciting to see Bebop overtake its impressive early adoption. Bebop's traction validates our core thesis: that speed, usability, and value drive adoption. And our platform was built to scale these advantages, fast." – Nick Lissette, Chief Executive Officer
Bebop's rapid growth is building momentum, confirming rising demand for AI-native, cost-effective sales tools that solve real challenges faced by SMEs. Early customer feedback highlights Bebop's ability to "save hours in research"; "generate customers effortlessly"; and "bring the power of AI to the everyday business owner."
Since our capital raise in FY25, we have made a deliberate and focused investment in Bebop to fully realise the potential we identified. That conviction has now been validated though we will be dipping into shareholders pockets again soon as cash just seems to walk out our door. Our ai announcement wordsoup generator is expected to report back soon.
BPG makes smallish acquisition.....buys a rocket..... and after initial scepticism from me, I'm beginning to like the looks of BPG and its strategies. Call me crazy.
https://www.nzx.com/announcements/454958
Quote from: Left Field on Jul 14, 2025, 08:53 AMBPG makes smallish acquisition..... and after initial scepticism from me, I'm beginning to like the looks of BPG and its strategies. Call me crazy.
https://www.nzx.com/announcements/454958
Not crazy Leftie
BPG are winners big time
Rocket seems appropriate lol
Blackpearl Announces $15M Capital Raise & Market Update
Will BPG sp price come down to meet the offer price?
The Offer will be undertaken at a fixed price of NZ$0.95 per share (Offer Price), representing a:
• 13.6% discount to the last close price of NZ$1.10 on 11 August 2025;
• 15.0% discount to the 5-day VWAP of NZ$1.12 per share, calculated up to 11 August 2025.
Blackpearl Announces $15M Capital Raise & Market Update
Tuesday 12th August 2025
Text too small?
Black Pearl Group Limited (NZX.BPG) is pleased to announce a $15m capital raising (Offer) comprising the following components:
• a $7m institutional placement of new fully paid ordinary shares to eligible institutional shareholders and new institutional investors (Placement); and
• a 1 for 7.70 pro-rata accelerated non-renounceable entitlement offer of new shares to eligible shareholders to raise approximately $8m (ANREO).
Proceeds from the capital raised will be applied to fund the B2B Rocket Inc acquisition which was previously announced on 14 July 2025 and to undertake investments to accelerate the growth of Blackpearl Group.
The Offer will be undertaken at a fixed price of NZ$0.95 per share (Offer Price), representing a:
• 13.6% discount to the last close price of NZ$1.10 on 11 August 2025;
• 15.0% discount to the 5-day VWAP of NZ$1.12 per share, calculated up to 11 August 2025.
Up to approximately 15.8 million new shares may be issued under the Offer. New shares issued under the Offer will rank equally with existing fully paid ordinary shares from their time of issue.
Under the ANREO, eligible shareholders will be invited to subscribe for 1 new share for every 7.70 existing Blackpearl Group shares held at 5.00pm (NZST) on the record date of 13 August 2025.
The entitlements cannot be traded on the NZX Market or transferred or sold privately, and there will be no shortfall bookbuild for the entitlements which are not taken up under the ANREO. This means that shareholders will receive no value for any entitlements that they do not take up. Please refer to the Offer Document attached with this announcement for further information.
The institutional component of the ANREO (Institutional Offer) will be conducted concurrently with the Placement. New shares equal in number to the entitlements from the institutional component of the ANREO which are not taken up are intended to be placed to new investors on no more favourable terms than under the ANREO.
A trading halt has been granted by NZX to facilitate the Placement and the Institutional Offer. Blackpearl Group expects to advise the market of the capital raised under the Placement and Institutional Offer on Wednesday, 13 August 2025.
The retail component of the ANREO (Retail Offer) will be open from 9.00am (NZST) on Monday, 18 August 2025 to 5.00pm (NZST) on Monday, 25 August 2025. Eligible shareholders who take up all of their entitlements in full may apply for additional new shares in an oversubscription facility. Further details about the Retail Offer are set out in the Offer Document.
Shareholders entitled to participate in the Retail Offer should visit blackpearl.capitalraise.co.nz and apply online by 5.00pm (NZST) on Monday, 25 August 2025.
Craigs Investment Partners Limited are acting as Lead Manager for the Offer. The Offer is not underwritten.
Resumed trading at $1.07
BPG Successfully Closes Placement & Institutional Offer
13/08/2025, 16:28 NZST, OFFER
Blackpearl Group Announces Successful Completion of Placement & Institutional Offer
Black Pearl Group Limited (NZX:BPG) is pleased to advise that it has successfully completed its institutional Placement (Placement) and the institutional component of its 1 for 7.70 pro-rata accelerated non-renounceable entitlement offer (Institutional Offer) of fully paid ordinary shares in BPG (New Shares), as announced to market on Tuesday, 12 August 2025 (together, the Offer).
The Offer closed on Wednesday, 13 August 2025 and raised total gross proceeds of approximately $10.3 million.
The Offer was well supported by existing and new institutional shareholders and clients of retail broker firms. Blackpearl Group is particularly pleased to welcome several new Australian-based institutional investors onto its register, which was a key objective for Blackpearl Group in planning the Offer.
Blackpearl Group's shares will resume normal trading today on an ex-entitlement basis. The Offer shares are to be allotted on Tuesday, 19 August with trading of the New Shares commencing on the NZX Market that day.
Retail Entitlement Offer
Eligible retail shareholders are invited to participate in the retail component of the pro-rata accelerated non-renounceable entitlement offer (Retail Offer).
The Retail Offer will open at 9.00am (NZT) on Monday, 18 August 2025 and close at 5.00pm (NZT) on Monday, 25 August 2025. Eligible retail shareholders will have the opportunity to participate at the same application price of $0.95 per New Share. Eligible retail shareholders can choose to take up their entitlements in whole, in part or not at all. Eligible retail shareholders who take up their full entitlements may also apply for additional New Shares in an oversubscription facility.
The offer website where applications under the Retail Offer can be made will open on Monday, 18 August 2025 and be available here https://blackpearl.capitalraise.co.nz/. Shareholders need to apply online by 5.00pm (NZST) on Monday, 25 August 2025.
Entitlements under the Retail Offer cannot be traded on the NZX Main Board or transferred or sold privately, and there will be no shortfall bookbuild for those entitlements which are not taken up.
Further Information and Shareholder Enquiries
Shareholders who have any questions about the Retail Offer are encouraged to read the Offer Document and Investor Presentation released to market on 12 August 2025 and consult with their broker, solicitor, accountant, financial adviser or other professional adviser.
Quote from: HAWKDOG on Aug 13, 2025, 09:35 AMBlackpearl Announces $15M Capital Raise & Market Update
Will BPG sp price come down to meet the offer price?
The Offer will be undertaken at a fixed price of NZ$0.95 per share (Offer Price), representing a:
• 13.6% discount to the last close price of NZ$1.10 on 11 August 2025;
• 15.0% discount to the 5-day VWAP of NZ$1.12 per share, calculated up to 11 August 2025.
The share price hit 0.95 today, although briefly.
started a position this morning - filled at 0.955
I think their next update is due possibly on the 14th October.
Nice close today. Sellers seem to have disappeared. Look forward to the update on the 14th.
Quarterly Report Investor Webinar
09/10/2025, 13:55 NZDT, GENERAL
Blackpearl Group Limited (NZX: BPG) advises that it will host an investor webinar at 12.30pm NZDT (10.30am AEDT) on Wednesday, 15 October 2025, following the release of the Company's Q2 FY26 results.
Chief Executive Officer Nick Lissette and Interim Chief Financial Officer Karen Cargill will provide a presentation to discuss the Company's quarterly performance and key developments. They will be joined by Noah Loul, Head of B2B Rocket, and Trinity Lawry, Head of Pearl Diver, who will share updates on their respective business units, followed by a live Q&A session.
Register for the investor webinar via the link below:
https://us02web.zoom.us/webinar/register/WN_IhGU2joQShaRoZTOQnIraw
Participants are invited to submit questions prior to the event to simon@nwrcommunications.com.au, or alternatively, may submit questions via the Q&A function within Zoom during the webinar.
Blackpearl Group Q2 FY26 Update
15/10/2025, 08:30 NZDT, MKTUPDTE
Blackpearl Group – Q2 FY26 Update
Blackpearl Group (NZX: BPG) achieved $19.5 million in Annual Recurring Revenue (ARR) at the end of Q2 FY26 (30 September 2025), representing a 87% increase year-on-year, up 39% from the previous quarter Q1 FY26. This milestone marks the first quarter where all four of Blackpearl's growth drivers, Pearl Diver, Bebop, B2B Rocket, and Wholesale have been live and contributing in parallel.
CEO Nick Lissette said "We have made major strategic moves during this quarter. We achieved record ARR, completed the acquisition of B2B Rocket, expanded into Wholesale, raised capital, and commenced our ASX listing application. With all four growth engines now rocketing, we are well positioned for our next phase: expanding our Australian shareholder base on the ASX and accelerating towards our $50m ARR target."
Key metrics
• Annual Recurring Revenue (ARR): $19.5m, up 87% YoY and 39% QoQ
• Revenue Churn: 4.6%, down 0.3ppt from 4.9% in Q1 FY26
• ARR Per Employee: $253k down 4% reflecting B2B Rocket integration
• CAC Payback Period: 4.6 months for the quarter ending 30 Sep 2025
Q2 Commentary
Q2 FY26 was one of the busiest quarters for Blackpearl Group, navigating a capital raise, acquisition and integration of B2B Rocket and applying for ASX listing all while delivering growth across our further expanded suite of AI-power products. All of these strategic initiatives position Blackpearl for an acceleration of growth.
ARR reached $19.5m as of 30 September 2025, up 39% from the prior Quarter and 87% year-on-year, driven by growth in Bebop, the expansion of our products into wholesale, the acquisition of B2B Rocket and solid growth in Pearl Diver.
B2B Rocket's initial integration into the Group has been very successful. In Q3, the focus will shift to embedding the Pearl Engine to fully realise the benefits of the platform. Once completed, B2B Rocket will be deeply integrated into the Group's data ecosystem – driving higher-quality leads, stronger demo conversions, and reinforce the Group's multi-engine growth model and recurring revenue momentum.
The Wholesale channel has gained strong early traction, with initial contract wins and several additional agreements under negotiation. We are hand-selecting partners that align to our Ideal Customer Partner (ICP) profile as we build capability in-house. These customers are naturally sourced and upsold via the Pearl Diver Go-to-market (GTM). While early, we anticipate wholesale to make a meaningful positive impact on Customer Acquisition Cost (CAC) efficiency once scaled.
Churn improved to 4.6% down from 4.9% in Q1 FY26, continuing the positive trend seen over the last three quarters. The continued improvement in churn reflects the higher quality revenue base of Pearl Diver and contract-based Wholesale customers.
ARR per employee declined to $253k as a result of the B2B Rocket acquisition due to its earlier stage and distributed workforce. However, the scalability and operating leverage across both businesses are expected to drive expansion as topline revenue continues to scale.
Customer Acquisition Cost (CAC) payback increased to 4.6 months, reflecting deliberate investment in scaling B2B Rocket. We've launched with an SMB-focused entry point to drive adoption at lower initial value, while creating clear pathways to higher ARPU through a land-and-expand model similar to Pearl Diver.
Outlook
Looking ahead to Q3, Blackpearl is well-positioned for its next phase of growth. Following the successful capital raise, the completion of the B2B Rocket acquisition, and the launch of Wholesale, Blackpearl remains on track to list on the ASX in November.
While we anticipate some seasonal effects in Q3, including extended CAC payback periods as consumer brands significantly ramp up marketing spend across major US retail events such as Black Friday, Thanksgiving, and the Christmas–New Year period, we will continue to invest wisely in growth while focusing on integrating Pearl Engine data into B2B Rocket and solidifying our venture-based
organisational structure.
With all four growth drivers now contributing in parallel, Blackpearl remains on a strong trajectory towards its next major milestone of $50m ARR, underpinned by a diversified product portfolio and a clear path to scalable, sustainable growth.
ENDS
Are there comparative revenue breakdowns by business unit? Like how much are the older businesses growing, not just adding on a new business?
Quote from: KW on Oct 15, 2025, 10:23 AMAre there comparative revenue breakdowns by business unit? Like how much are the older businesses growing, not just adding on a new business?
Agree KW
Not much transparency ...lots of raving and coming up with %ages which aren't comparing apples to oranges
I reckon older business went backwards and Rocket helped them out
someone pumping BPG? nice move up today.
BPG currently trading around $0.90c compared to 12 month low of $0.59c to a high of $1.28c.
I've never held BPG, yet have often looked at its potential and come away somewhat puzzled and questioning just how unique/beneficial/competitve BPG's SAAS moat actually is?
The following is Ophir Asset Managements recent newsletter which examines Zeta Global a NTSE listed tech company that seems to operate in the same tech sector as BPG (maybe more biassed to large enterprise customers than BPG's SME's?)..... however, it's an interesting read (and highlights how difficult/competitive) this market sector is.
https://www.ophiram.com.au/stock-in-focus-zeta-global-nyse-zeta/
Another company apparently thriving in Zeta's & BPG's SAAS market is Salesforce. https://www.salesforce.com/au/?ir=1
Sssooo my question remains, just how unique/competitive is BPG's SAAS product offering????
Judging by recent SP action, the market seems to need more assurance.
A recent report by Bell Potter has a $1.45 price target for Black Pearl.
https://www.fool.com.au/2025/12/10/bell-potter-says-this-new-asx-ai-stock-could-rise-70/
Full report was sent by email by Sharesies,
Presentation.Exciting .
https://api.nzx.com/public/announcement/466628/attachment/461240/466628-461240.pdf
Market liked the quarterly report it seems
BPG fans should be happy.....ARR slowly approaching $30mill........profitability indicators absent.
https://www.nzx.com/announcements/471223
Annual Recurring Revenue (ARR): $26.8m, up 114% YoY and 13% QoQ
• Revenue Churn: DaaS at 0%, while SaaS improved 0.4ppt YoY to 4.9% (from 5.3% in Q4 FY25)
• CAC Payback Period: 3.5 months, improved from 3.9 in Q3 FY26 and down 33% YoY
• ARR Per Employee: $346k, up 41% YoY and 12% QoQ
Dear Shareholders,
Blackpearl Group (NZX/ASX:BPG) advises that it will host an investor webinar at 12.30pm NZST (10.30am AEST) on Thursday, 28 May 2026, following the release of its FY26 full year results.
Chief Executive Officer Nick Lissette, Interim Chief Financial Officer Karen Cargill, and Chief Technology Officer Sam Daish will provide a presentation to discuss the Company's full year performance and key developments, followed by a live Q&A session.
Register here: https://us02web.zoom.us/webinar/register/WN_xJd4nTtrTPiMXOdvZB6u2A
If you'd like to submit questions in advance, please email simon@nwrcommunications.com.au, or you can ask questions live during the webinar using the Zoom Q&A function.
We look forward to having you join us.
Kind regards,
The Team at Blackpearl Group
Here you go BPG fans.......call me old fashioned but I'm happy not to hold.
https://www.nzx.com/announcements/473446
FY26 Highlights
• Record $26.8m ARR, up 114% from $12.5m at 31 March 2025
• Pearl Engine benchmark: 25× more A-grade commercial records per dollar than leading generalist AI models; 87.3% output quality versus ~70%; 5× lower cost per quality record*
• $13.7m subscription revenue, up 77% from $7.7m in FY25
• 69% gross profit margin (FY25: 67.8%); fixed-cost data supply now fully in place
• 3.5 months CAC payback, 33% improvement YoY; within Bessemer best-in-class range of 0–6 months
• $346,000 ARR per employee, up 41% from $245,000 at Q4 FY25
• Revenue churn: DaaS at 0% for the full year; SaaS at 4.9% (FY25: 5.3%)
• B2B Rocket fully integrated into the Pearl Engine ecosystem; $1.8m of annualised cost synergies now identified for FY27
• EBITDAF loss of $15.7m
• $10.2m of one-off non-recurring costs – B2B Rocket acquisition, ASX listing, offer costs
• $9.6m cash at 31 March 2026; BNZ NZ$5m facility refinanced to March 2028; ASX dual-listing completed November 2025