Black Pearl Group Limited Analysis

Overview

Blackpearl Group is a technology company that builds, acquires, and markets data-driven cloud services, consisting of a suite of productivity and demand generation applications for small and medium-sized businesses (SMB).

Blackpearl Group’s proprietary private platform, the Pearl Engine, is the cornerstone of organic growth for both built and acquired technologies. Through leveraging elements or entire components from the Pearl Engine, companies within the Group can access new markets, increase their value proposition, and improve their cost-to-revenue ratio faster and at near zero marginal cost.

Blackpearl Group's first applications focus on the number one business tool in the world today, email. Transforming it from a transactional tool into a demand-generation tool to help SMBs grow their revenue and build stronger relationships with their customers.

Founded in 2012, Blackpearl Group is driven from Wellington, New Zealand, and Phoenix, Arizona.

Performance

The following information was extracted from Blackpearl Group's Q4 FY25 results announcement, released 16 April 2025:

Key Highlights

• Annual Recurring Revenue (ARR): Reached $12.5 million as of 31 March 2025, marking a 70% year-on-year increase and a 13% increase from Q3 FY25.
• Subscription Revenue: Achieved $2.4 million, reflecting a 81% year-on-year increase and 11% increase from Q3 FY25.
• Gross Profit Margin: Achieved 57%, down from 72% in Q3 FY25 due to a temporary cost increase during the crossover to our new fixed-fee data supply agreement.
• ARR Per Employee: Recorded at $245k as of 31 March 2025, up 7% year-on-year, reflecting efficiency despite a slight quarter-on-quarter decline due to team expansion.
• Revenue Churn: Achieved 5.3% as of 31 March 2025, improving from 9.4% in Q3 FY25.