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OmniConvert

includes Omniconvert Insights

12 statements across 1 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement May 13, 2019 by Valentin Radu · said 15 times in 1 episodes since 2019 · across every show →

Mentions by year, the whole family

brought up most by Valentin Radu (8), Nathan Latka (7)

tap a year for its mentions
00811512019episodesmentions
0112019episodes it came up in
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2019 15 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about OmniConvert, oldest first

May 13, 2019
Assertion Not checkable as stated
Radu: Omniconvert customers pay an average of €600 per year
“On average, a customer is paying us around 600 euro per year, so that's the lifetime, the annual revenue that we're getting from a customer, taking into account the companies which are not into conversion rate optimization”
Valentin Radu May 13, 2019 ▶ 5:13 1388 Does he really have $95k in MRR? You decide.
May 13, 2019 positive
Disclosure
Radu: OmniConvert pivots from custom enterprise consulting to machine learning
“We've decided that the old model of doing extra work for large companies or selling a manual product for the midsize or small companies is not working anymore. And that's why we are now focused on, on a machine learning product.”
Valentin Radu May 13, 2019 ▶ 15:10 1388 Does he really have $95k in MRR? You decide.
May 13, 2019
Assertion Not checkable as stated
Radu: Omniconvert currently has around 250 customers
“We have around 250.”
Valentin Radu May 13, 2019 ▶ 6:59 1388 Does he really have $95k in MRR? You decide.
May 13, 2019
Assertion Not checkable as stated
Radu: OmniConvert software-only enterprise tier costs roughly $20K per year
“Those 50,000 can go down to something like 20 K. Okay. We are not getting customers which are not having enough traffic. So based on the traffic that they are having, they are, they would be paying us something like 20 K for the software.”
Valentin Radu May 13, 2019 ▶ 12:18 1388 Does he really have $95k in MRR? You decide.
May 13, 2019 neutral
Assertion Supported
Radu: Worldwide website conversion rate is between 1% and 3%
“The conversion rate is around one, two, or three percent worldwide.”
Valentin Radu May 13, 2019 ▶ 2:34 1388 Does he really have $95k in MRR? You decide.
May 13, 2019 positive
Assertion Not checkable as stated
OmniConvert is cash flow positive
“Yeah, we are.”
Valentin Radu May 13, 2019 ▶ 15:54 1388 Does he really have $95k in MRR? You decide.
May 13, 2019 neutral
Assertion Not checkable as stated
Radu: OmniConvert generated approximately $70,000 per month in prior year
“Last year we've been at something like 70 K.”
Valentin Radu May 13, 2019 ▶ 12:39 1388 Does he really have $95k in MRR? You decide.
May 13, 2019
Assertion Not checkable as stated
Radu: OmniConvert enterprise contracts average around $50K annually
“The annual contract is around 50 K per, per year.”
Valentin Radu May 13, 2019 ▶ 10:18 1388 Does he really have $95k in MRR? You decide.
May 13, 2019
Assertion Not checkable as stated
Radu: OmniConvert generates around $95K in monthly revenue
“We are sitting at around 90 five K per month.”
Valentin Radu May 13, 2019 ▶ 7:45 1388 Does he really have $95k in MRR? You decide.
May 13, 2019
Disclosure
OmniConvert raised $1.1 million in 2016
“We've raised capital in 2016.”
Valentin Radu May 13, 2019 ▶ 15:43 1388 Does he really have $95k in MRR? You decide.
May 13, 2019
Assertion Not checkable as stated
Radu: Omniconvert customers past three months retain for 3-4 years
“After they break the three months barrier, they can, they are staying with us for three or four years.”
Valentin Radu May 13, 2019 ▶ 5:13 1388 Does he really have $95k in MRR? You decide.
May 13, 2019 neutral
Assertion Not checkable as stated
Radu: OmniConvert monthly revenue churn is 2% for enterprise, 6% for low-tier
“Our revenue churn is around two percent for them. While for the other ones, it's around six percent”
Valentin Radu May 13, 2019 ▶ 13:12 1388 Does he really have $95k in MRR? You decide.
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