Blackpearl Group has reported a 143% year-on-year increase in subscription revenue for the first quarter of the 2025 financial year, reaching $1.5 million.
The data technology company also achieved a 162% year-on-year increase in annual recurring revenue, which stood at $8.6m as of June 30, 2024.
Blackpearl's gross profit margin improved to 73%, compared to 62% in the same quarter last year.
However, it was slightly lower than the 75% recorded in the previous quarter.
The announcement highlighted the company's success in growing customer numbers and increasing the average annual recurring revenue per customer.
Blackpearl Group expressed confidence in its future outlook and its ability to capture new market opportunities.
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