Truelytics

“We have a monthly burn monthly, well, a monthly burn of 134,000, but given all of the current enterprise contracts, so that's gross. Our net burn is 55,000.”

“So our terms allow us to increase the base subscription 10% every year.”

“So we are paying exactly 30,686 dollars.”

“We ended in 2019 with about 1.1 million in in subscription revenue, enterprise subscription revenue, and Let's see that. So, and then the enterprise ARR on that is a million 1,047,000.”

“Instead of reaching for that Million as a net new reach target. It's now 600,000 at the high end. But if we finish the, if we close 250,000 of net new, we still end the year with a half million in the bank.”

“It's 7500 independent financial advisory firms. Now, the bulk of that, 90% of that came from the wealth management enterprises, of which we have 16 of those enterprise relationships.”

“As far as our top enterprise customers are concerned, we work with Cetera, LPL Capital Group, HD Vest, Brinker Carson Group Advisor Group Fidelity, the like, the likes of that.”

“Basically, in Q-two, we want to at least have between a hundred to 200,000 dollars of signed MSAs in their first round of edits to meet our goal. Like, if we do that, we're not going to make, we're not going to take any additional action. If we don't, if we ha…”

“We ended 2019 with 122,000 in MRR. That was a 109% increase over 2018, which was at 53,915.”

“So our EBITDA last year, we weren't profitable last year. Again, we had about six months in the green, but we ended with -540,000 dollars and negative sort of 48% EBITDA.”

“We've had two different rounds of fundraising early on when we, to acquire the IP was like, we raised about a million dollars generally from friends and family and some industry insiders. And then at the beginning of 2018, I think we did another two and a half…”

“So it's that, and it's the first one of its kind. Up until this point, the industry's really been dominated by professional services.”

“We just we just actually gave a mandate to an investment bank yesterday after, after going through a pretty rigorous process. And they are going to help us either look for well, generally help us find a strategic. I think that's their mandate.”

“So the average annual contract value is 70,000 dollars, and they pay that they sign up for three-year contracts.”