BPG Black Pearl Group

[silverblizzard888]

I suppose a lot of demand has been sucked out of this via the cap raise which wasn’t fully subscribed. And a portion of that cap raise were no doubt people looking for an arbitrage profit.

Be interesting to see where the SP goes

Yeah for sure, theres always a bit of an overhang for a month or so after a cap raise. Decent buying today, stocks come up to 49 cents and next stops back to 51 cent raising price. if they company continues to perform as they have recently the stock price will take care of itself in the long run.

[silverblizzard888]

There pathway to grow revenues with partners is going well.

Reported amount of partners:
September: 54
December: 65

3 September "54 partners were at various stages of onboarding and partner revenue was already significant, contributing 28 per cent of total revenue in August."
https://www.reseller.co.nz/article/7...xus-programme/

1 December "Digital marketing partners, of which there were now 65, were seeking Blackpearl out themselves."
https://www.reseller.co.nz/article/7...ty-challenges/

[Rawz]

NZX Market Announcements

Pretty good. I dont hold. Once to watch i reckon. I did pick it in the stock picking comp lol

KEY HIGHLIGHTS
• Subscription Revenue: Achieved a 215% increase year-on-year, reaching $1.2 million in Q3 FY24, up 29% from the previous quarter, Q2 FY24.
• Annual Recurring Revenue (ARR): Achieved a 122% increase year-on-year, totalling $5.5 million as of 31 December 2023, up 20% from the previous quarter, Q2 FY24.
• Gross profit margin increased to 73%, compared to 50% in Q3 FY23 and 70% in the previous quarter, Q2 FY24.
• ARR Per Employee: Demonstrated a significant increase of 314% year-on-year and 28% from the previous quarter, highlighting our team's productivity and effectiveness.

BPG’s Chief Executive Nick Lissette commented on Q3 results, saying: "Every comparative metric has soared into triple digits, some even surpassing expectations multiple times over.” Despite challenges in the US market, recurring revenues increased 20% from Q2. Our short-term goals of $10 million recurring revenue and cash-flow profitability are imminent.Lissette’s focus is on sustained exponential growth through product development, infrastructure optimisation, and robust operations. With bolder long-term targets, including reaching the $100 million revenue mark, BPG remains committed to innovation, strategic growth, and continued success.FINANCIAL UPDATEBPG’s Q3 success marked a leap forward. We achieved substantial growth in subscription revenue, a rise in ARR, and demonstrated our continuing operational scalability and efficiencies through offshore resourcing and prior investment in our private platform, the Pearl Engine," notes Karen Cargill. "These results highlight our team's dedication, positioning us for ongoing success in the dynamic market.”

FUTURE OUTLOOK

Looking forward, BPG continues to navigate a path of robust growth and assured profitability. Our focus remains firmly on the strategic pillars of innovation, market expansion, and customer-centric product development. This approach has not only solidified our position but also set the stage for significant expansions and new ventures.This quarter has been marked by significant progress in our technology and strategic partnerships. Notably, the development of our Pearl Large Language Model (LLM) prototype stands as a pivotal achievement. This hybrid large language model integrates open-source and proprietary capabilities alongside our bespoke AI. Pearl LLM will underpin additional product features that help our customers find more customers through refining audience targeting and strengthening the utility of insights for sales and marketing functions.The value of this technology lies not only in the immediate use to enhance our current products, but also provides the backbone for further innovation. This technology improves with additional data flows and the use cases expand as customers engage with it. Our hybrid approach means we continue to leverage advancements in the AI eco-system while being centred on the most powerful specific use cases for our customers.

[silverblizzard888]

ARR slowed down a bit in growth with just $500k increased over 2 months from the last update, which is about $250k per month growth. Great aspirations to want to hit a long term goal of $100m revenue and seems theres more certainty that $10 million revenue is the breakeven point.

ARR Growth

April	$2.8m
May	$3.1m
June	$3.3m
July	$3.6m
August	$4.2m
September	$4.6m
October	$5m
December	$5.5m

[silverblizzard888]

New update from BPG, their ARR has just reached $7m with February being a colossal month generating $1m ARR in a single month. These guys are ones to watch for sure.

"Black Pearl Group is pleased to advise the market that in February 2024 the Company secured over NZ$1million in new Annual Recurring Revenue (ARR), moving the total ARR to over NZ$7million."
https://www.nzx.com/announcements/427295

ARR Growth

April 2023	$2.8m
May	$3.1m
June	$3.3m
July	$3.6m
August	$4.2m
September	$4.6m
October	$5m
December	$5.5m
January 2024	$6m
February	$7m

[blackcap]

New update from BPG, their ARR has just reached $7m with February being a colossal month generating $1m ARR in a single month. These guys are ones to watch for sure.

"Black Pearl Group is pleased to advise the market that in February 2024 the Company secured over NZ$1million in new Annual Recurring Revenue (ARR), moving the total ARR to over NZ$7million."
https://www.nzx.com/announcements/427295

ARR Growth

April 2023	$2.8m
May	$3.1m
June	$3.3m
July	$3.6m
August	$4.2m
September	$4.6m
October	$5m
December	$5.5m
January 2024	$6m
February	$7m

Looks like the CEO of BPG is going to present on Tuesday night at the Wellington Branch of the NZSA. 7:30pm, Khandallah town hall. RSVP required.

[sunnysleeper11]

heading in the right direction for sure
any idea if these ARR are from upselling or new clients?
needs CR all the time due the very large losses they make each year - par for the course for tech companies

New update from BPG, their ARR has just reached $7m with February being a colossal month generating $1m ARR in a single month. These guys are ones to watch for sure.

"Black Pearl Group is pleased to advise the market that in February 2024 the Company secured over NZ$1million in new Annual Recurring Revenue (ARR), moving the total ARR to over NZ$7million."
https://www.nzx.com/announcements/427295

ARR Growth

April 2023	$2.8m
May	$3.1m
June	$3.3m
July	$3.6m
August	$4.2m
September	$4.6m
October	$5m
December	$5.5m
January 2024	$6m
February	$7m

[silverblizzard888]

heading in the right direction for sure
any idea if these ARR are from upselling or new clients?
needs CR all the time due the very large losses they make each year - par for the course for tech companies

ARR increase is from both upselling new products to existing customers and new customers.
These guys are nearly at their breakeven point, so unlikely to need a CR unless they wanted to chase more growth or make an acquisition. They have talked in the past the focus is about balancing profit and growth together.

[silverblizzard888]

Market starting to find a liking for this stock, up 18.75% today to 57 cents and potentially more to come. Could be the stock market darling for this year if they continue to perform. More financial updates coming out in a months time

[nztx]

heading in the right direction for sure
any idea if these ARR are from upselling or new clients?
needs CR all the time due the very large losses they make each year - par for the course for tech companies

Wonder what happened to Nov 2023 ?

Did everyone go on holiday for the whole month or is Nov now not a month in the Tech calendar ?