Blackpearl Group 2023 Half Year Results Announcement  

Half year report 2023

Hyper Growth 

Blackpearl Group (BPG) today announced financial results for the six months to 30 September 2023, showcasing significant growth driven by strategic initiatives and technological advancements.  

Key Highlights 

  • Subscription Revenue: Achieved a 163% increase year-on-year reaching $1.5 million as at 30 September 2023. 
  • Annual Recurring Revenue (ARR): Achieved a 221% increase year-on-year, reaching $4.6 million as of 30 September 2023. 
  • Gross Profit: Grew by 284% year-over-year, reflecting our operational efficiencies and strategic investments. 
  • Gross profit margin increased from 46% to 67% year-on-year 
  • $3 million of liability removed from the balance sheet in the 6 months since 31 March 2023 
  • Revenue Per Employee: Demonstrated a significant increase of 187%, highlighting our team’s productivity and effectiveness. 
  • Total Expenses: Increased by $1.3 million from the 6 month period to 30 September 2022, primarily due to growth-related activities including the Newoldstamp acquisition, NZX Listing, and revenue growth related costs