So much positive information shared on the call. I
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Posted On: 11/15/2021 7:07:20 PM
So much positive information shared on the call. I'll just pick two and others can add more if they feel inclined.
"Total user downloads stand at 3.0 million as of September 30, and that’s up from the 2.2 million as of June 30 we reported in Q2 and more than 88% over the 1.6M reported in same period last year."
That's over 33% increase in just one quarter!
800,000 new users downloaded the app. Remember with SaaS it takes a quarter or so for that revenue to kick in. Oh and revenue per user we know is much higher now.
"Marketplace is an entirely new platform, built wholly independently and separate from our verbLIVE sales platform, representing what we believe is the state of the art of shoppable video technology. It utilizes an ultra-low latency private global CDN network that we control, allowing us to deliver the highest quality experience and platform performance capabilities. We also believe that Marketplace will expose vendors to our entire suite of sales enablement products, such as verbMAIL, among others, driving new cross selling revenue opportunities."
Rory talked about previously one of the acquisitions potentially being around CDN. Then later in the Q&A, he was asked about being confident in the technology scaling or something like that. Rory said he was and I believe he said you'll understand once the announce the acquisition. Sounds like it's a done deal and you'll hear about it shortly. Not only will this ensure higher quality and more control, but at a lower cost.
"Total user downloads stand at 3.0 million as of September 30, and that’s up from the 2.2 million as of June 30 we reported in Q2 and more than 88% over the 1.6M reported in same period last year."
That's over 33% increase in just one quarter!
800,000 new users downloaded the app. Remember with SaaS it takes a quarter or so for that revenue to kick in. Oh and revenue per user we know is much higher now.
"Marketplace is an entirely new platform, built wholly independently and separate from our verbLIVE sales platform, representing what we believe is the state of the art of shoppable video technology. It utilizes an ultra-low latency private global CDN network that we control, allowing us to deliver the highest quality experience and platform performance capabilities. We also believe that Marketplace will expose vendors to our entire suite of sales enablement products, such as verbMAIL, among others, driving new cross selling revenue opportunities."
Rory talked about previously one of the acquisitions potentially being around CDN. Then later in the Q&A, he was asked about being confident in the technology scaling or something like that. Rory said he was and I believe he said you'll understand once the announce the acquisition. Sounds like it's a done deal and you'll hear about it shortly. Not only will this ensure higher quality and more control, but at a lower cost.
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