Financial Overview
138%
YoY Revenue Growth
72%
Gross Margin
93%
Client Retention Rate
$14.2K
Average Customer LTV
Revenue Growth (USD Millions)
Customer Acquisition
Quarterly Results
Annual Reports
Key Metrics
Q1 2025 Financial Highlights
- Revenue: $12.3 million, up 138% year-over-year
- Gross margin: 72%, up from 68% in Q1 2024
- Operating expenses: $9.8 million, representing 80% of revenue
- Cash and cash equivalents: $32.5 million
- Net customer additions: 148, bringing total customers to 718
Q4 2024 Financial Highlights
- Revenue: $10.7 million, up 124% year-over-year
- Gross margin: 70%, up from 65% in Q4 2023
- Operating expenses: $8.9 million, representing 83% of revenue
- Cash and cash equivalents: $35.2 million
- Net customer additions: 132, bringing total customers to 570
2024 Annual Results
- Total revenue: $36.8 million, up 115% from 2023
- Gross profit: $25.4 million, representing a 69% gross margin
- Operating loss: $12.3 million, improved from $15.6 million in 2023
- Operating cash flow: $(5.7) million, improved from $(8.9) million in 2023
- Total customers: 570, up from 265 at the end of 2023
Key Business Metrics
- Annual Recurring Revenue (ARR): $49.2 million as of Q1 2025
- Net Revenue Retention: 128%
- Customer Acquisition Cost (CAC): $15,800
- CAC Payback Period: 8.3 months
- Average Revenue Per Account (ARPA): $68,500
- Enterprise customers (>$100K ARR): 127
