Purple WiFi

16 statements across 1 episodes · 9 bullish · 0 bearish · 1 people on the record · first statement Aug 12, 2017 by Gavin Wheeldon · said 15 times in 3 episodes since 2017 · across every show →

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brought up most by Nathan Latka (13), Gavin Wheeldon (1), Eugene Johnson (1)

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Everything said about Purple WiFi, oldest first

Aug 12, 2017 bullish
Disclosure
Wheeldon: Purple WiFi is pacing toward 140% YoY growth
“Obviously, it gets a lot harder to triple and triple every year, but we're still, you know, well over a hundred percent growth, you know, last year over this, and they're on target for, you know, probably about a 140% in this financial year.”
Gavin Wheeldon Aug 12, 2017 ▶ 14:08 749: He's Making $9.6m Off Those Horrible Airport WiFi Connections
Aug 12, 2017
Disclosure
Wheeldon: Purple WiFi splits capital spend 50-50 between engineering and sales
“It's probably, it's not paid acquisition, certainly. It's probably about fifty-fifty between engineering and sales.”
Gavin Wheeldon Aug 12, 2017 ▶ 17:47 749: He's Making $9.6m Off Those Horrible Airport WiFi Connections
Aug 12, 2017
Disclosure
Wheeldon: Purple WiFi concentrates paid marketing spend on events
“Where we spend money is, is events, because that's where we've seen the success.”
Gavin Wheeldon Aug 12, 2017 ▶ 18:07 749: He's Making $9.6m Off Those Horrible Airport WiFi Connections
Aug 12, 2017 neutral
Disclosure
Wheeldon: Purple WiFi reached $600K-$700K in revenue in 2014
“That was up to about 607 hundred.”
Gavin Wheeldon Aug 12, 2017 ▶ 13:59 749: He's Making $9.6m Off Those Horrible Airport WiFi Connections
Aug 12, 2017 positive
Disclosure
Wheeldon: Purple WiFi gross margin sits around 80%
“Gross margin, you know, as you would expect from a SaaS company, is up, you know, sort of 80%. Eighty-ish percent.”
Gavin Wheeldon Aug 12, 2017 ▶ 14:48 749: He's Making $9.6m Off Those Horrible Airport WiFi Connections
Aug 12, 2017
Assertion Not checkable as stated
Wheeldon: Purple WiFi is deployed across 17,000 venues globally
“We're at 17,000. That's venues, and that ranges from a coffee shop, so like your Outback Steakhouse is all run purple through to, you know, Indiana Pacers or the whole of Navy Pier you know, places that are much bigger in scale.”
Gavin Wheeldon Aug 12, 2017 ▶ 7:10 749: He's Making $9.6m Off Those Horrible Airport WiFi Connections
Aug 12, 2017 positive
Disclosure
Wheeldon: Purple WiFi processes up to 500,000 user connections daily
“It's, yeah, you know, up to about half a million.”
Gavin Wheeldon Aug 12, 2017 ▶ 15:34 749: He's Making $9.6m Off Those Horrible Airport WiFi Connections
Aug 12, 2017 positive
Assertion Not checkable as stated
Wheeldon: Purple WiFi operates at net negative revenue churn
“Churn, we're actually, certainly from a revenue perspective, we're in negative churn.”
Gavin Wheeldon Aug 12, 2017 ▶ 15:51 749: He's Making $9.6m Off Those Horrible Airport WiFi Connections
Aug 12, 2017
Assertion Not checkable as stated
Wheeldon: Purple WiFi provides coverage across about 40 live cities
“In fact, we cover entire cities, and we've probably got about, probably about 40 cities now live.”
Gavin Wheeldon Aug 12, 2017 ▶ 7:28 749: He's Making $9.6m Off Those Horrible Airport WiFi Connections
Aug 12, 2017 bullish
Assertion Not checkable as stated
Wheeldon: Purple WiFi drives 700% CRM record growth for venues
“You know, and we typically see a 500% increase in TripAdvisor reviews. We see six, 700% in CRM record generation.”
Gavin Wheeldon Aug 12, 2017 ▶ 13:17 749: He's Making $9.6m Off Those Horrible Airport WiFi Connections
Aug 12, 2017 neutral
Assertion Contradicted
Wheeldon: Boingo dominates airports but public Wi-Fi has no single incumbent
“There was no, or then there still is no particular single owner. You've got Boingo, who are very big in, in airports. They focus pretty much exclusively in, in that area.”
Gavin Wheeldon Aug 12, 2017 ▶ 4:43 749: He's Making $9.6m Off Those Horrible Airport WiFi Connections
Aug 12, 2017 neutral
Disclosure
Wheeldon: Purple WiFi generated around $200,000 in first-year revenue
“It was, I think, around 200,000 dollars.”
Gavin Wheeldon Aug 12, 2017 ▶ 13:48 749: He's Making $9.6m Off Those Horrible Airport WiFi Connections
Aug 12, 2017 bullish
Assertion Not checkable as stated
Wheeldon: Half of major global telcos use Purple for managed Wi-Fi
“And the fact that we have, you know, we've got half of the biggest service providers in the world, telcos, all basing their go to market around our platform.”
Gavin Wheeldon Aug 12, 2017 ▶ 11:37 749: He's Making $9.6m Off Those Horrible Airport WiFi Connections
Aug 12, 2017 positive
Disclosure
Wheeldon: Purple WiFi relies entirely on telco channel partners for distribution
“So, we're entirely channel based. So we sell through partners and that includes major telcos like Telstra and Oz and Singtel and you know, all the national carriers, CenturyLink in the US and NCR, you know, they all sell our solution bundled with their own equ…”
Gavin Wheeldon Aug 12, 2017 ▶ 9:49 749: He's Making $9.6m Off Those Horrible Airport WiFi Connections
Aug 12, 2017 bullish
Prediction Not checkable as stated
Wheeldon predicts Purple WiFi will reach $15M ARR by 2018
“2017, I think, would probably be a push. 2018, yes.”
Gavin Wheeldon Aug 12, 2017 ▶ 14:31 749: He's Making $9.6m Off Those Horrible Airport WiFi Connections
Aug 12, 2017 positive
Assertion Not checkable as stated
Wheeldon: Purple WiFi gross customer churn is about 12% per year
“Gross is about it's about 12% per annum.”
Gavin Wheeldon Aug 12, 2017 ▶ 16:01 749: He's Making $9.6m Off Those Horrible Airport WiFi Connections
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