Sharechat Logo

BPG - PEARL DIVER MARKET UPDATE

Friday 9th June 2023

Text too small?

Black Pearl Group Limited (“BPG” and the “Company”) is pleased to provide the market with an update on Pearl Diver’s performance for May. This update serves to fulfil our regulatory obligation of keeping the market informed before we directly communicate the Service’s performance to our Shareholders through our email newsletter.

 

Pearl Diver is billed on a recurring monthly basis (annuity revenue). As the customer base grows through new sign-ups, each additional subscriber contributes to the overall revenue. This recurring billing model generates regular, predictable, and compounding revenue.

 

BPG is pleased to announce that it closed out May with a final figure of $339,536 in new annual recurring revenue (ARR). This is new ARR in addition to existing recurring ARR.

 

A notable achievement in May was the significant improvement made to the provisioning process for Pearl Diver. By automating internal implementation processes, the time required to onboard new customers has been reduced by 62.5% from April. This played a pivotal role in contributing to the overall success of the month, with our Customer Success Team converting 99% of the provisioning queue before the month concluded.

 

Streamlined provisioning positions the Company favourably for full self-service operations and opens new avenues for partner distribution opportunities.

 

For and on behalf of the board,

Karen Cargill

Chief Financial Officer

For further information, please contact:

karen.cargill@blackpearlmail.com | +64 21 135 5183



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

PFI - Q3 Div & Upgraded FY25 Div Guidance, FY26 Div Guidance
AIA - Auckland Airport announces leadership team change
May 9th Morning Report
May 8th Morning Report
NZME Takeovers Panel determination
MNW - Commerce Commission clears the Contact Energy acquisition
May 7th Morning Report
General Capital Appoints New CFO
SUM - Summerset Considers Retail Bond Offer
SKC - Updated FY25 Full Year Earnings Guidance