Performance30 Dec 2022 05:55
I don’t understand the negativity around Brandshield.
Financial highlights
· H1 2022 Annual Recurring Revenue1 ("ARR") up 71% to $6.67m (H1 2021: $3.89m)
· Strong momentum continued with the August 2022 ARR figure reaching $7.26m, up 68% vs. August 2021 and up 39% vs. December 2021
· Delivered revenue growth of 59.9% to $2.83m in H1 2022 (H1 2021: $1.77m)
I understand they’ve had to do several raises and they are burning cash but they’re definitely growing revenue and their portfolio of clients.
Please someone with a brighter mind than mine explain this to me.