Blackpearl Group reports strong growth, targets US SMEs

Blackpearl Group has reported strong growth in its unaudited interim results for the six months ended September 30, 2024.

Annual recurring revenue (ARR) reached $10.4 million, a 126% increase from the same period last year.

Subscription revenue also grew by 109% to $3.2m.

The company's gross profit margin improved to 73%, up from 67% in the previous year.

ARR per employee increased by 95% to $282,000.

Blackpearl Group said it remains focused on serving the US small and medium-sized enterprise (SME) sector and leveraging AI-driven tools for sales and marketing.