Everything Tom Nignish said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Nignish: Vivid Learning maintains over $500K in cash reserves
“500 K plus, you know, on hand.”
Nignish: Vivid Learning is easily worth $7M to $10M
“I would say we're easily a seven to ten million dollar business right now.”
Nignish would reject a $10M acquisition offer from Chegg
“No. I mean, we're really, we're so excited about what we're doing right now that it'd be a hard time.”
Nignish: Vivid Learning serves 2,000 school districts and 100+ higher-ed institutions
“We are at about 2000 school districts. And probably a hundred plus higher ed institutions.”
COVID-19 dropped Vivid Learning's revenue from $2M to $1.5M
“Well, actually because of COVID, it actually was about two million a year ago. And this last year was around 1.5 million. So we did see a little bit of a fall off.”
Vivid Learning renewal rate reaches over 90% via partnerships
“I mean, we, a couple years ago, we were worried about churn through some of these partnerships. It got down to, I think, around 85% renewal, and now we're up around 90 plus, so it's”
Nignish: Vivid Learning operates entirely on publisher revenue-share partnerships
“Basically every one of our partnerships is some kind of a rev share. And so, you know, some of them are, it's fifty-fifty. Others are, you know, much smaller percentage.”
Vivid Learning charges $2 to $1,000 per user annually depending on device
“Per month is, is around anywhere from, you know, I, we do everything on an annual basis, so it's anywhere from two dollars per user per year up to 500 to a thousand dollars, depends on the device.”
Nignish: Schools pay Vivid Learning around $1,000 per building annually
“So one of these schools might be around a thousand dollars per year. Per building.”