Black Pearl Group Limited · NZX:BPG
Black Pearl — FY2024 Earnings Presentation
11 slides from Black Pearl's earnings presentation, Mar 31, 2024
Slide 1: Preliminary Full Year Results
Blackpearl Group - FY24 Annual Report Preliminary Full Year Results Financial Year End 31 March 2024 1
Slide 2: Contents
About Blackpearl Consolidated Financial Statements Contents Contents: 03 FY24 highlights 05 Message from the CFO 06 How we performed 06 ARR Growth 07 Product Spotlight 08 Impact of Pearl Diver 08 Attractive Gross Margin 09 Improved Efficiency 10 Cashflow 11 Customer and Market Analysis 13 Consolidat
Slide 3: Financial highlights
Financial highlights 1 April 2023 31 March 2024 Subscription Revenue Annual Recurring Revenue Annual Recurring Revenue Per Employee $4.1m 183% increase YoY $7.4m As of 31 March 2024 $230k As of 31 March 2024 Previously $1.4m in FY23 177% increase YoY 359% increase YoY Previously $2.7m in FY23 Revenu
Slide 4: Message from the CFO / How we performed
How we performed Message from How we the CFO performed Reflecting on FY24, our strategic investments and disciplined execution ARR Growth has meaningfully advanced BPG’s growth and profitability. 177% Pearl Diver, our flagship product, has evolved our revenue composition, ARR increased by 177% to $7
Slide 5: Product spotlight / Impact of Pearl Diver
Product spotlight Impact of Pearl Diver Power your business 13mo 13 months since launch to reach $4.9m Pearl Diver ARR growth with Pearl Diver reshaped our revenue composition, emerging as the largest contributor to BPG’s ARR, now representing 67% of our total ARR. From its $6 m Total Pearl Diver AR
Slide 6: Improved efficiency and Cashflows
How we performed Improved efficiency Cashflows $230k Annual Recurring Revenue Per Employee Cash Burn Rate 3 Month Moving Average As of 31 March 2024 359% increase YoY $700 k $600 k Total expenses as % of ARR Average Revenue (ARR) per Employee $500 k 600% $250 k $400 k 500% $200 k 400% $300 k $150 k
Slide 7: Customer and Market Analysis
How we performed Customer and Market Analysis Market focus With revenue churn standing at 4.0% as of March 31, Pearl diver has a much higher price point than our In our journey towards growth and market leadership, 2024, our customer base is diversified, with no single original products, as shown in
Slide 8: Consolidated Statement of Profit or Loss and Other Comprehensive Income
Financial Statements Consolidated Statement of Profit or Loss and Consolidated Statement of Other Other Comprehensive Income Comprehensive Income For the year ended 31 March 2024 As at 31 March 2024 At 31 March At 31 March 2024 2023 2024 2023 Unaudited Audited Unaudited Audited $ $ $ $ Subscription
Slide 9: Consolidated Statement of Financial Position
Financial Statements Consolidated Statement of Financial Position Consolidated Statement of Financial Position As at 31 March 2024 As at 31 March 2024 At 31 March At 31 March At 31 March At 31 March 2024 2023 2024 2023 Unaudited Audited Unaudited Audited $ $ $ $ Assets Equity Current assets Share ca
Slide 10: Statements of Changes in Equity and Cash Flows
Financial Statements Consolidated Statement of Changes in Equity Consolidated Statement of Cash Flows For the year ended 31 March 2024 For the year ended 31 March 2024 Share Foreign Share Share Accumulated based currency warrants Total Notes 2024 2023 capital losses payment translation reserve reser
Slide 11: About Blackpearl Group
About Blackpearl Group Blackpearl Group (BPG) is a market leading data technology company that pioneers AI driven, Notes 2024 2023 sales and marketing solutions for the US market. $ $ Specifically engineered for small-medium sized Net increase/(decrease) in cash and cash equivalents 237,428 909,453