TSXV:JPIM.H - Post by User
Post by
waves1on Jul 15, 2022 3:29pm
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Post# 34827826
JPIM to continue strong YoY organic growth seen in Q3
JPIM to continue strong YoY organic growth seen in Q3 Jasper Commerce ($JPIM.v) recently released its fiscal Q3 financial results for the three and nine months ended April 30, 2022; highlights include:
- Total revenue of $1.3M, 30% YoY growth rate
- 50% subscription revenue growth, driven by an increase in enterprise license sales
- Q3 2022 revenue of $383,297, 14% YoY growth rate
- Increase in expenses mainly due to non-recurring, RTO listing, and public listing costs
JPIM CEO Jon Marsella is pleased with their performance and optimistic for JPIM's future prospects as they "advance discussions with new partners that should open new channels for growth"
This is some impressive growth for JPIM & they're expected to continue the trend of achieving strong YoY organic growth as the proceeds from a $6M financing are applied to sales and marketing acceleration, expansion into new marketplaces, partnerships, and continued product innovation.
https://www.newswire.ca/news-releases/jasper-commerce-reports-fiscal-q3-financial-results-867922757.html