InspectionXpert

“A hundred percent bootstrapped.”

“If I had waited a year, we could have sold for more.”

“We did, ah, we did three X. Yeah, and that was mainly because of that, ah, ah, 20 to four, 14 to 2017, the rough patch.”

“We've got over 2000 customers.”

“We went from a complicated pricing model to a good, better, best, ah, pricing model. And, ah, w we've upgraded, ah, you know, somewhere close to 40% to that middle you know, the mid tier, the 2500 dollar model.”

“So, yeah, for the first seven years, we were seeing 50 to 75% growth year over year. In 2014, we made the switch from a perpetual license software model to you know, to the full SAS play and annual recurring revenue, and we hit a trough.”

“Our renewal rate was 90%. Our turn was 10%. That's gone down. Now we're under eight percent on our turn.”

“I would say something like 85% of our business comes from inbound.”

“In 2008, I quit my day job naively thinking that, you know, our revenue when I quit was a little over 70,000 dollars for the year.”

“So we're 3.1 million revenue annual recurring revenue run rate right now.”

“Yeah, so we, we've got it's gone up tremendously, but our long, you know, over the, from 2008 to say last year, for the first nine years we got about a 20% close rate you know, once people, once from, for the MQL to, you know, to close.”

“But it looks like we're gonna, we're expecting to do five, five million next year.”

“So our software that builds that checklist starts at 1500 dollars per user per year for two D PDF. If they want to move up to a three D model with and import their CMM results From the coordinate measuring machines, which is a fancy machine that measures preci…”