BPG Black Pearl Group

[Leemsip]

Yeah super positive and heading towards the magic $10m pretty quick. Burn will be down to $100k per month now, they might be able to squeak past without a cap raise...

[sunnysleeper11]

[QUOTE=silverblizzard888;1060946]Another great update with the last 3 months having averaged $400k gain per month, with an aim to achieve $10m ARR in the next 6 weeks. No word of extra capital needed.

sounds like they're doing well
but they'd quickly let us know if they didn't need a CR
exuberant reporting is the way to go just before a CR

new acquisitions are great to upsell existing customers - maybe that's where the majority of recurring revenue is coming from?
it would be good to see a total customer tally each quarter - is there one at all?

[Leemsip]

So cynical. I choose to believe that they haven’t mentioned it as they don’t need more cash. Bought more today @ 64c.

[Leemsip]

From the company via email to shareholders. "Dominate US market" mentioned.....

As of 15th July, we have already secured nearly a million dollars in new billings and onboarding (customers who have committed to get Pearl Diver but are not yet provisioned). This is double where we would normally aim to be at this stage in a month, thanks to the team successfully selling and provisioning the new higher-value packages.
We are now approximately six weeks away from surpassing the milestone of 10m ARR. But let me be clear, our ambition is not just to thrive in our part of the US small-to-medium-sized business market, but to dominate it. To do this, we need to aggressively grow from 10m ARR to 20m ARR, and our goal is to achieve this over the next 12-18 months.

[sunnysleeper11]

From the company via email to shareholders. "Dominate US market" mentioned.....

As of 15th July, we have already secured nearly a million dollars in new billings and onboarding (customers who have committed to get Pearl Diver but are not yet provisioned). This is double where we would normally aim to be at this stage in a month, thanks to the team successfully selling and provisioning the new higher-value packages.
We are now approximately six weeks away from surpassing the milestone of 10m ARR. But let me be clear, our ambition is not just to thrive in our part of the US small-to-medium-sized business market, but to dominate it. To do this, we need to aggressively grow from 10m ARR to 20m ARR, and our goal is to achieve this over the next 12-18 months.

thanks for the info L
they're doing really well
I wonder whether this info should also have been shared with the market (everyone) at the same time - not just shareholders?
they've previously released updates like this to the market, but with much lesser amounts.

[Ggcc]

From the company via email to shareholders. "Dominate US market" mentioned.....

As of 15th July, we have already secured nearly a million dollars in new billings and onboarding (customers who have committed to get Pearl Diver but are not yet provisioned). This is double where we would normally aim to be at this stage in a month, thanks to the team successfully selling and provisioning the new higher-value packages.
We are now approximately six weeks away from surpassing the milestone of 10m ARR. But let me be clear, our ambition is not just to thrive in our part of the US small-to-medium-sized business market, but to dominate it. To do this, we need to aggressively grow from 10m ARR to 20m ARR, and our goal is to achieve this over the next 12-18 months.

If they carry on like this we will see $1 soon.

[silverblizzard888]

thanks for the info L
they're doing really well
I wonder whether this info should also have been shared with the market (everyone) at the same time - not just shareholders?
they've previously released updates like this to the market, but with much lesser amounts.

This info was released on the 16th July to the market if you look at their announcement you will see it.

[sunnysleeper11]

This info was released on the 16th July to the market if you look at their announcement you will see it.

The following info wasn't released to the market, only to shareholders (in an email according to leemsip):
As of 15th July, we have already secured nearly a million dollars in new billings and onboarding (customers who have committed to get Pearl Diver but are not yet provisioned). This is double where we would normally aim to be at this stage in a month, thanks to the team successfully selling and provisioning the new higher-value packages.
We are now approximately six weeks away from surpassing the milestone of 10m ARR.

[silverblizzard888]

The following info wasn't released to the market, only to shareholders (in an email according to leemsip):
As of 15th July, we have already secured nearly a million dollars in new billings and onboarding (customers who have committed to get Pearl Diver but are not yet provisioned). This is double where we would normally aim to be at this stage in a month, thanks to the team successfully selling and provisioning the new higher-value packages.
We are now approximately six weeks away from surpassing the milestone of 10m ARR.

The following phrase was released via the NZX in their quarterly update:

"Between 1 July 2024 and 15 July 2024, we have already billed or received commitments for nearly NZD$1m (gross) in new ARR. This is double where we would normally aim to be at this stage in a month, thanks to the team successfully selling and provisioning the new higher-value packages.

We are now approximately six weeks away from surpassing the milestone of NZD$10m ARR. But let me be clear, our ambition is not just to thrive in our part of the US small-to-medium-sized business market, but to dominate it. To do this, we need to aggressively grow from NZD$10m ARR to NZD$20m ARR, and our goal is to achieve this over the next 12-18 months. "

https://www.nzx.com/announcements/434516