Oh Hail, yeah
Get it from the main vine, all right
I said-a find it, find it
Go on and love it if you like it, yeah
Full-year SaaS recurring revenue up 82% over previous year
Comment: Hypergrowth is > 40%. Hypergrowth is too slow. We going to Ludicrous growth > 80%
Fourth quarter 2020 SaaS Recurring revenue up 31% over previous year
Comment: Not bad as Q4 is a tough month for SaaS sales as no one is rolling out anything in December and new budgets don’t kick in until Jan. 1 at many companies. SaaS would also be an OpEx cost as opposed to CapEx which some companies find that is harder to find $ especially end of year. Also a lot of Verb’s customers are Direct Sales which historically have a seasonal element to them, but that will change as the percentage of non-MLM companies go up
VERB platform continues to gain traction and grow user downloads – now up to 1.93M (as of 3.26.21)
Comment: That is a lot. This shows a couple of things. One is the level of interest continues to grow at a pretty fast pace. Also, a percentage of these downloads do turn into paying customers. Verb other solutions like Learn will help reduce the churn with Direct Sales companies.
Q1 2021 unaudited projected results indicate more than 30% SaaS recurring revenue growth over previous year and approximately 10% over fourth quarter 2020
Comment: That would be at least $1.4M which is good. Will take the surprise out of the next earnings call. At this pace, it should be very easy to achieve at least $7M revenue for hypergrowth territory of > 40% if not a lot more.
Added 15 new client contracts with a guaranteed base value of $617,000 and $325,000 in annual recurring revenue
Comment: Keep in mind this is the base. Guaranteed base in what historically is a slow quarter. Wouldn’t surprise me if revenue was a lot higher than base. So how many new clients did they add? I say it was a good year. This year counting won't' matter since it should be a lot of new small/medium businesses.
Development of verbLIVE and enhancements to verbCRM and VERB’s core platform to facilitate native integrations with Salesforce, Microsoft, and other channel partners
Comment: Wonder who the ‘other channel partners’ are. I guess we’ll find it, find it.
In March 2021, VERB closed a registered direct offering for straight common shares without warrants for gross proceeds of $15.0 million
Comment: Now you know the funding closed. Thank goodness I didn’t listen to message board stock advisors telling me yet another event would never happen.
Couple of other things to consider...
1.) Verb transitioned from a lot of non-SaaS revenue to a revenue based business. Not easy to do and that is done. Didn't make the financials look great to anyone for anyone from a distance that didn't spend 10 minutes figuring out the what/why, but that is OK.
2.) There a pattern that no one has ever mentioned. Wait for it as you should see it shortly
Get it from the main vine, all right
I said-a find it, find it
Go on and love it if you like it, yeah
Full-year SaaS recurring revenue up 82% over previous year
Comment: Hypergrowth is > 40%. Hypergrowth is too slow. We going to Ludicrous growth > 80%
Fourth quarter 2020 SaaS Recurring revenue up 31% over previous year
Comment: Not bad as Q4 is a tough month for SaaS sales as no one is rolling out anything in December and new budgets don’t kick in until Jan. 1 at many companies. SaaS would also be an OpEx cost as opposed to CapEx which some companies find that is harder to find $ especially end of year. Also a lot of Verb’s customers are Direct Sales which historically have a seasonal element to them, but that will change as the percentage of non-MLM companies go up
VERB platform continues to gain traction and grow user downloads – now up to 1.93M (as of 3.26.21)
Comment: That is a lot. This shows a couple of things. One is the level of interest continues to grow at a pretty fast pace. Also, a percentage of these downloads do turn into paying customers. Verb other solutions like Learn will help reduce the churn with Direct Sales companies.
Q1 2021 unaudited projected results indicate more than 30% SaaS recurring revenue growth over previous year and approximately 10% over fourth quarter 2020
Comment: That would be at least $1.4M which is good. Will take the surprise out of the next earnings call. At this pace, it should be very easy to achieve at least $7M revenue for hypergrowth territory of > 40% if not a lot more.
Added 15 new client contracts with a guaranteed base value of $617,000 and $325,000 in annual recurring revenue
Comment: Keep in mind this is the base. Guaranteed base in what historically is a slow quarter. Wouldn’t surprise me if revenue was a lot higher than base. So how many new clients did they add? I say it was a good year. This year counting won't' matter since it should be a lot of new small/medium businesses.
Development of verbLIVE and enhancements to verbCRM and VERB’s core platform to facilitate native integrations with Salesforce, Microsoft, and other channel partners
Comment: Wonder who the ‘other channel partners’ are. I guess we’ll find it, find it.
In March 2021, VERB closed a registered direct offering for straight common shares without warrants for gross proceeds of $15.0 million
Comment: Now you know the funding closed. Thank goodness I didn’t listen to message board stock advisors telling me yet another event would never happen.
Couple of other things to consider...
1.) Verb transitioned from a lot of non-SaaS revenue to a revenue based business. Not easy to do and that is done. Didn't make the financials look great to anyone for anyone from a distance that didn't spend 10 minutes figuring out the what/why, but that is OK.
2.) There a pattern that no one has ever mentioned. Wait for it as you should see it shortly
20
