Blackpearl adds new exec amid continued growth

Incoming CFO Jean-Francois Arlove says Blackpearl is at an inflexion point and needs processes designed to scale. (Image: Blackpearl Group)

Ben Moore

Mon, 14 Oct 2024

Blackpearl Group’s latest quarterly results reflect continued growth as a new executive is set to join its leadership team.The New Zealand Exchange-listed (NZX) company's subscription revenue reached $1.7 million in its second financial quarter, which ended Sept 30. This was up 86% from the previous quarter and 14% from the first quarter.Blackpear recently surpassed $10m in annual recurring revenue (ARR), which spurred a capital raise totalling $12m.The company announced a gross profit margin of 73% and annual recurring revenue (ARR)&...

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