Ann: Blackpearl Group FY25 Results, page-2

Some good consistency in this result, what stock needs I think.

- Specific guidance back with $20m ARR in 7-12 months. That's consistent with the $20m in 12-15 months they last said 4 months ago.

- New longer term guidance of $50m+ ARR and 10,000 customers within 3-5 years.

- The strategic change thing seems to be unfolding including ARPU numbers up that should translate into lower churn. ( $17.5k ARPU, up 53% over the last 6 months). Also a bit more on gross margins and forecast improvement with scale.

- Bebop very interesting. Says in a few places best Beta launch ever. So better than Pearl Diver that has been hugely successful (ignoring irrational share price!). Bebop to launch next week with revenue to flow in the first half financial year. I thought revenue here could be pretty trivial but the vibe is more material I think.

That's all I picked up. Obviously the annual not a massive event when they've already given summary numbers. Smarter fella though posted this in NZ, which I thought was interesting:

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Is 21 Billion Rows/Day Is a Strong Signal

1.High Data Throughput = Product Usage

• It shows that BPG’splatforms (likely Pearl Diver and Bebop)are actively processingmassive volumes of customer and web datadaily.
• High data flow usually correlates with:
  
  • Strong user engagement
  • Large or growing datasets
  • Scalable infrastructure
  • Potential for network effects

2.Infrastructure Scalability

• They've scaled theirPearl Engine 210x, meaning they’ve built systems tohandle enterprise-grade workloads.
• That’s not trivial. For a relatively young company, this suggestssolid technical architectureand forward-looking planning.

3.Competitive Moat Development

• If they’re training AI models or automating insights based on this volume of data, they’re building adata moatthat competitors would struggle to replicate quickly.
• This is especially relevant for tools likeBebop, which likely automate sales/marketing functions using this data.

�� Contextual Comparison

	Company Stage	Data Volume	Interpretation
1	< $5M ARR SaaS	< 1B rows/day	Typical/Modest
2	$5–20M ARR SaaS	5B–15B rows/day	Strong if optimized
3	BPG ($12.5M ARR)	21B rows/day	Very strong; shows serious data operations

This isastrong operational indicatorthat BPG is building scalable, data-driven products. It also positions them well for AI differentiation, as access to rich and large data sets is essential for productized machine learning at scale.

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I asked Chat GBP about the 21 billion rows:

"Blackpearl Group's claim of achieving a throughput of 21 billion rows per day underscores the substantial scale and efficiency of their data infrastructure. This metric likely pertains to the volume of data processed by their systems daily, reflecting their capability to handle vast amounts of information in real-time.While specific details about the architecture supporting this throughput are not publicly disclosed, such a high volume suggests the use of advanced data processing technologies and infrastructure. This could include distributed computing frameworks, real-time data streaming platforms, and scalable storage solutions, enabling Blackpearl Group to manage and analyze extensive datasets efficiently.The ability to process 21 billion rows per day positions Blackpearl Group as a leader in data-intensive applications, particularly in sectors where real-time analytics and large-scale data processing are critical.If you're interested in understanding how such data throughput is achieved or its implications for business intelligence and decision-making, feel free to ask for more detailed information."