Update from Mark Loveys - Datagate CEO
Some Datagate highlights are:
■ Datagate’s recurring revenue now exceeds $NZ 2m ARR
■ ARR from US customers was $NZ 1.3m as at 31 Oct, 117% growth on prior year
■ Logo churn less than 0.5.% per month and net revenue retention at 118%
■ Datagate customers numbers now exceed 260, with a third coming from the indirect channel
■ Further PSA integrations completed
The retailer has raised the possibility of a full-year earnings loss.
The NZ-founded company’s giant-killer dreams in the US hinge on this huge bet.
"We’ve continued to lag relative to other markets," analyst says.
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