What the all these numbers mean in very simple ter
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Posted On: 08/22/2019 9:20:27 PM
What the all these numbers mean in very simple terms
VERB is beyond Proof of concept.
The product works.
It is generating incredible results.
Billion Dollar companies are testing how well the returns are and they are outstanding.
Note the growth in Sound Concepts alone, now that "they" have been merged and adopted VERB's tech, they are crushing their numbers YOY.
Per
Q2 10 - Q Transcript
close rates – when we demo our SaaS application for a new prospect – are now north of 90%.
Our Q-2 revenue for the 3 months ending June 30, 2019 was $3.7M. That represents an increase of almost 20% over the same period of last year. However, our SaaS revenue – which is our focus, in grew 37% in Q2 over Q1. This also represents 57% growth for our SaaS business over the same period last year.
Most of the larger players in the space are generating well north of $1B in annual sales. One of our newer clients was recently recognized as the fastest company in that sector to reach $1B in annual sales.
Direct Sales, Network Marketing, and as it is now being called the “Social Selling” sector for several reasons. First, this a global sector that is now approaching more than $200B in sales annually, over $35B of which is generated in the US alone
These people are not using Salesforce, NetSuite or other of the large incumbent providers.
SaaS business, a business with 80% gross margins, would be our focus going forward
SaaS business grew by 40% in Q1 and 37% in Q2, quarter-over-quarter, and year-over-year,
In less than 30 days of implementing these changes, we’ve seen incredible success producing new sales growth records for the company – in Q2 we added 12 new logos. In the past 90 days we added 12 new logos. And we’re now adding approximately 2 new enterprise customers per week. In fact, we have 36 new logos in our sales pipeline right now – that alone could account for up to an additional $3M of annual recurring SaaS revenue. By the way, that’s a forward-looking statement – not a guarantee for those of you who need that clarification.
that single share results in $1.79 in revenue to corporate – our enterprise client. Many of our enterprise clients are seeing more than 40,000 shares per month from their sales reps using our app, which is generating an additional $72K in revenue per month for our enterprise clients – solely from their reps use of our app. I’m talking about a simple social share, or a product sample share or an interactive video share.
Well, one of our large enterprise clients decided to test that. They conducted their own internal analysis on the effect of our app on the retention rate of reps by studying those that used our application and those that didn’t. The data showed that retention rates went up not by 10%, not by 100%, but a staggering 3300%.
As the app is paid for by corporate for the vast majority of our users, this strategy allows us to extract additional revenue per user by charging modest monthly recurring fees for such features – such as 75 cents to $2 and more as we set our initial target of an additional $5 per user per month – which is essentially all margin. And while an additional $5 per month per user doesn’t sound like that much – it is when you think about the size of the user base we’re applying it to.
We currently have approximately 700,000 users on our platform. That’s up from 363,000 this time last year – a 93% increase, and an increase of 124,000 or 22% over last quarter’s results.
We’ve now submitted updates to Salesforce and Oracle NetSuite. Microsoft is next on the list. We’re taking our time with these integrations – I think we rushed them last year and I want to make sure they are everything we want them to be – and what their customers want them to be. We do expect to see real revenue generation from these initiatives in 2020, among others, including our template store that we pushed to accommodate numerous immediate and near-term revenue opportunities.
Total revenue for Q2 was $3.7 million, an increase of 20% over the $3.1 million reported for the same period last year.
Total revenue for the first 6 months of 2019 was $7.7M, an increase of 32% over the $5.9M reported for the same period last year.
Total SAAS revenue for Q2 totaled $1.5 million, an increase of 37% over the $1.1 million reported in the last quarter, and an increase of 57% over the $900,000 reported for the same period last year.
Total SAAS revenue for the first 6 months of 2019 totaled $2.5 million, an increase of 36% over the $1.9 million reported for the same period last year.
The cost of revenue in Q2 totaled $2 million, that’s an increase of 36% from the same period last year.
The cost of revenue for the first 6 months of 2019 totaled $4.3M, which was an increase of 45% over the $3M reported for the same period last year.
Gross profit in Q2 totaled $1.7 million, an increase of 5%, as compared to the same period last year.
Gross profit for the first 6 months of 2019 totaled $3.4M, an increase of 19% over the $2.9M reported for same period last year.
As of June 30, 2019, cash totaled $412,000, though that does not reflect the approximately $5M financing disclosed in the Form 10-Q filed today. Total assets were $26 million, total liabilities were $7 million and total stockholders’ equity was $19 million.
http://app.quotemedia.com/data/downloadFiling...2019-08-15
And yet another Case Study
12% conversion rate before training
24% after training and implementation of the new Best Practices
https://twitter.com/VerbTech_Co/status/116459...81569?s=19
Nearly $350,000 added annual revenue
Another Stand out
Verb is proud to announce Isagenix and their Isatools app now includes interactive video!
#verb #directsales #MLM #salesplatform #crm #video https://t.co/cWdVRcFwKd
DSA Awards recognize the outstanding programs DSA member companies have implemented. The 2019 DSA Awards category winners are:
Innovation in Mobile Technology: Isagenix International
(This was before interactive video was adopted)
https://www.directsellingnews.com/dsa-announc...s-winners/
Long story short, what VERB is doing is changing the face of selling, advertising and communication!
It's brand new.
Adoption is slow by the masses, but once these cutting edge Billion Dollar renegade companies continue to show what this new Tech is doing it will be a far faster rate of followers running to catch up.
Does the tech work - 100% yes
Is it beneficial to massive companies on a grand scale... 100% yes
I am not concerned.
Much Aloha
VERB is beyond Proof of concept.
The product works.
It is generating incredible results.
Billion Dollar companies are testing how well the returns are and they are outstanding.
Note the growth in Sound Concepts alone, now that "they" have been merged and adopted VERB's tech, they are crushing their numbers YOY.
Per
Q2 10 - Q Transcript
close rates – when we demo our SaaS application for a new prospect – are now north of 90%.
Our Q-2 revenue for the 3 months ending June 30, 2019 was $3.7M. That represents an increase of almost 20% over the same period of last year. However, our SaaS revenue – which is our focus, in grew 37% in Q2 over Q1. This also represents 57% growth for our SaaS business over the same period last year.
Most of the larger players in the space are generating well north of $1B in annual sales. One of our newer clients was recently recognized as the fastest company in that sector to reach $1B in annual sales.
Direct Sales, Network Marketing, and as it is now being called the “Social Selling” sector for several reasons. First, this a global sector that is now approaching more than $200B in sales annually, over $35B of which is generated in the US alone
These people are not using Salesforce, NetSuite or other of the large incumbent providers.
SaaS business, a business with 80% gross margins, would be our focus going forward
SaaS business grew by 40% in Q1 and 37% in Q2, quarter-over-quarter, and year-over-year,
In less than 30 days of implementing these changes, we’ve seen incredible success producing new sales growth records for the company – in Q2 we added 12 new logos. In the past 90 days we added 12 new logos. And we’re now adding approximately 2 new enterprise customers per week. In fact, we have 36 new logos in our sales pipeline right now – that alone could account for up to an additional $3M of annual recurring SaaS revenue. By the way, that’s a forward-looking statement – not a guarantee for those of you who need that clarification.
that single share results in $1.79 in revenue to corporate – our enterprise client. Many of our enterprise clients are seeing more than 40,000 shares per month from their sales reps using our app, which is generating an additional $72K in revenue per month for our enterprise clients – solely from their reps use of our app. I’m talking about a simple social share, or a product sample share or an interactive video share.
Well, one of our large enterprise clients decided to test that. They conducted their own internal analysis on the effect of our app on the retention rate of reps by studying those that used our application and those that didn’t. The data showed that retention rates went up not by 10%, not by 100%, but a staggering 3300%.
As the app is paid for by corporate for the vast majority of our users, this strategy allows us to extract additional revenue per user by charging modest monthly recurring fees for such features – such as 75 cents to $2 and more as we set our initial target of an additional $5 per user per month – which is essentially all margin. And while an additional $5 per month per user doesn’t sound like that much – it is when you think about the size of the user base we’re applying it to.
We currently have approximately 700,000 users on our platform. That’s up from 363,000 this time last year – a 93% increase, and an increase of 124,000 or 22% over last quarter’s results.
We’ve now submitted updates to Salesforce and Oracle NetSuite. Microsoft is next on the list. We’re taking our time with these integrations – I think we rushed them last year and I want to make sure they are everything we want them to be – and what their customers want them to be. We do expect to see real revenue generation from these initiatives in 2020, among others, including our template store that we pushed to accommodate numerous immediate and near-term revenue opportunities.
Total revenue for Q2 was $3.7 million, an increase of 20% over the $3.1 million reported for the same period last year.
Total revenue for the first 6 months of 2019 was $7.7M, an increase of 32% over the $5.9M reported for the same period last year.
Total SAAS revenue for Q2 totaled $1.5 million, an increase of 37% over the $1.1 million reported in the last quarter, and an increase of 57% over the $900,000 reported for the same period last year.
Total SAAS revenue for the first 6 months of 2019 totaled $2.5 million, an increase of 36% over the $1.9 million reported for the same period last year.
The cost of revenue in Q2 totaled $2 million, that’s an increase of 36% from the same period last year.
The cost of revenue for the first 6 months of 2019 totaled $4.3M, which was an increase of 45% over the $3M reported for the same period last year.
Gross profit in Q2 totaled $1.7 million, an increase of 5%, as compared to the same period last year.
Gross profit for the first 6 months of 2019 totaled $3.4M, an increase of 19% over the $2.9M reported for same period last year.
As of June 30, 2019, cash totaled $412,000, though that does not reflect the approximately $5M financing disclosed in the Form 10-Q filed today. Total assets were $26 million, total liabilities were $7 million and total stockholders’ equity was $19 million.
http://app.quotemedia.com/data/downloadFiling...2019-08-15
And yet another Case Study
12% conversion rate before training
24% after training and implementation of the new Best Practices
https://twitter.com/VerbTech_Co/status/116459...81569?s=19
Nearly $350,000 added annual revenue
Another Stand out
Verb is proud to announce Isagenix and their Isatools app now includes interactive video!
#verb #directsales #MLM #salesplatform #crm #video https://t.co/cWdVRcFwKd
DSA Awards recognize the outstanding programs DSA member companies have implemented. The 2019 DSA Awards category winners are:
Innovation in Mobile Technology: Isagenix International
(This was before interactive video was adopted)
https://www.directsellingnews.com/dsa-announc...s-winners/
Long story short, what VERB is doing is changing the face of selling, advertising and communication!
It's brand new.
Adoption is slow by the masses, but once these cutting edge Billion Dollar renegade companies continue to show what this new Tech is doing it will be a far faster rate of followers running to catch up.
Does the tech work - 100% yes
Is it beneficial to massive companies on a grand scale... 100% yes
I am not concerned.
Much Aloha
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