Servoy

“Nearly all of those vendors at Dell want to move into this market into the space of low code software development, don't have a current or don't have an up to date offering.”

“That's our revenue churn is negative. So a lot of current customers are growing. Our logo revenue has been fairly stable at three percent in the past years.”

“One million in, in external financing, everything else by the founders.”

“I would say that it's on the low end of our average. If you look at ISVs, it's sort of on our average when I look at corporate clients.”

“In the past five years, we've sort of stabilized that at around 30%, and that's the revenue rate at which we can grow. Without doing external funding”

“So we typically see churn at the start of getting a new customer on board. Once you're, or into the platform, once you've developed a bunch of applications, the stickiness is is very good. Also because you would have to redo your applications.”

“Well, so this year we're going to do a 30, so for next year, if we, we're happy if we're going to hit 40 with our existing cash flow without external funding, and then we believe we're ready to make the next step.”

“I would say 80% of our revenue today is is recurring.”

“Now, if you look at software companies, then because they're paying a percentage, that can also vary depending on their own size. So usually, in reality, it's around two percent of their total revenue.”

“Our customer acquisition cost is, is about one year of new revenue that they bring in. So in about 12 to 14 months, we recover from customers that are onboarding onto onto the platform.”

“So today we're serving a little bit more than a thousand customers and growing at the moment.”

“We believe that with an additional funding round, we could put the growth rate back to a hundred percent year over year.”

“Next year would not be unlikely for us to start looking at Either a strategic partner or a, or classic venture capital to further accelerate the growth.”

“So I've been CEO of the company for 15 years. And two years ago, my CEO came to me, and he'd been managing the company for me for about five, six years. And he came to me and he said, I want your job. I think I can do it better.”

“We have a healthy revenue within a company where we've been profitable since 15 years as an organization.”

“So we price around the usage of the platform. So with a, typically with corporate users that can be on a per user basis with software companies, we typically charge as a percentage of what they charge for their products.”