Our fourth quarter has been our strongest yet.
ANNUAL RECURRING REVENUE (ARR): REACHED $7.4 MILLION
Blackpearl Group (BPG) today presents its results for the fourth quarter ending on 31 March 2024, demonstrating robust 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%, 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.
BPG’s Chief Executive Nick Lissette commented on Q4 results, saying: “Our fourth
quarter has been our strongest yet, marking the close of a financial year
characterised by hyper growth.” Our monthly revenue acquisition velocity grew by
33% from Q3 to Q4, reaching an average of $800k in new ARR per month.
Lissette’s focus is on sustained exponential growth through innovation and strategic moves, such as exploring DIY capabilities within our software. Empowering customers with self-service options not only optimises resource allocation but also unlocks new market avenues, particularly within affiliate marketing and marketplace opportunities.
