Inkit operates as a cash-flow neutral business as of July 2020
Michael McCarthy · Inkit Breaks 100 Customers, $1m in Revenue Helping Companies With Direct Mail Campaigns · Jul 9, 2020 · at 18:56
Inkit CEO Michael McCarthy explains the company's burn rate and cash-flow status to host Nathan Latka.
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“We're neutral. We're pretty much neutral as far as things from how we're sitting at the moment.”
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More from Michael McCarthy
Inkit expects sales reps to close $400,000 in first-year ARR
“Correct. Right now we have a lot of, we have a lot of those types of clients just coming in inbound. So it's pretty, it's, It, it'd be pretty tough not to hit, you know, those types of types of quotas that we've laid out already.”
Inkit averages around $100,000 in annual contract value
“We're right around that like a hundred K clip range.”
Inkit aims to hit a $5 million ARR run rate in 2021
“I mean, we think we can definitely do it next year. We've got a couple big ones in the pipeline right now that are certainly able to get us there quickly.”
Inkit experienced zero gross revenue churn over the past 12 months
“We've had no churn. So we're actually, our customers are buying more from us than they were.”