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 half year released 26 November 2024:

Key Highlights:

• Annual Recurring Revenue (ARR): Achieved $10.4 million as of 30 September 2024, marking a 126% year-on-year increase from $4.6 million in HY24.
• Subscription Revenue: Reached $3.2 million, reflecting a 109% year-on-year growth from $1.5 million in HY24
• Gross Profit Margin: Improved to 73% in HY25, up from 67% in HY24.
• ARR per Employee: Increased to $282K as of 30 September 2024, a 95% year-on-year rise, indicating effective scaling of operations.

Nick Lissette, Chief Executive Officer, commented on the Interim results: "The first half of FY25 has been marked by significant financial achievements, notably surpassing $10 million in ARR and strengthening our balance sheet with a successful capital raise... Speed is the only true competitive advantage in the market we operate in, and thanks to our past achievements, we now have the opportunity to execute our next major leap.”