Black Pearl Group has announced that it secured over $1 million in new annual recurring revenue (ARR) in February 2024, bringing the total ARR to over $7m.
The company's consistent growth has positioned it for recurring cash profitability, which is seen as a crucial milestone for technology businesses.
With cash profitability on the horizon, Black Pearl Group has been able to allocate more resources to the next wave of technology, starting with the full automation of purchasing and using Pearl Diver (DIY).
This move is expected to reduce resourcing constraints, decrease the time to recover cost of acquisition, and provide greater access to new markets.
As a result of the direct sales systems and the launch of DIY, Cherryl Pressley will transition from her role as an executive director to a non-executive director, allowing her to focus on leveraging partnership connections and supporting the expected influx of new customers.
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