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Originally posted by bigbillbrown:
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Yes. They should report ARR of $15m + at June (They added $1.4m in the March qtr and said that was seasonally weak, also add $1.2m for Beebop). They sort of need to grow quickly now given that big jump in expenses and cash burn in the 6 months to March 25. Albeit some of those costs were associated with Beebop development and launch. Still some uncertainty about Beebop obviously given early stage, don't know churn etc, but is exciting, almost unbelievable really that they look fairly likely to have a new product with very little incremental cost that can grow even faster than Pearl Diver. On the uncertainty, I was encouraged by this Beebop bullet point: "Growth signal: Exceeding Pearl Diver’s early traction on a range of metrics". The other important number will be churn at Pearl Diver. Hopefully with the new strategy that comes back down towards 4pc.
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all eyes June numbers and 2 product push. Need to see stabilisation of churn