John O'Shull, CEO of Derive Systems, describes the margin profile and baseline growth rate of the company's B2C automotive tuning division.
0:00 / 0:12exact quote · 12.1s
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“The enthusiast business is probably more like an eight to 10% top line grower with a 30 to 35% EBITDA margin. So it's a It's a very steady business that throws up a lot of cash, a lot of EBITDA.”
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Derive Systems saves Comcast $8.5M on fuel annually
“So a company like Comcast is, is got, you know, that, that portion, they've got our entire platform, but just on that portion alone, they're saving eight and a half million dollars a year on fuel. But more importantly, there's 24,000 metric tons of carbon that…”
John O'ShullSep 5, 2021▶ 6:47He Exited his CRM, Now Car Software Hits $40m Run Rate
AssertionNot checkable as stated
Derive Systems revenue is 75% enthusiast and 25% enterprise
“So revenue is 75, 25 right now. So think of it, think of the enterprise 75 enthusiasts, 25 enterprise, right?”
John O'ShullSep 5, 2021▶ 8:49He Exited his CRM, Now Car Software Hits $40m Run Rate
PredictionNot checkable as stated
Derive Systems expects to hit $55M in revenue for 2021
“We're gonna, this year we're on track to be about a fifty five million dollar company. And that split is still going to be the same of 75, 25 this year.”
John O'ShullSep 5, 2021▶ 8:59He Exited his CRM, Now Car Software Hits $40m Run Rate
AssertionNot checkable as stated
Derive Systems reports 35% year-over-year growth in H1 2021
“We're up 35% year over year.”
John O'ShullSep 5, 2021▶ 9:23He Exited his CRM, Now Car Software Hits $40m Run Rate
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