wanted to share a few key highlights Hey everyone,
I've been reviewing Sekur Private Data Ltd. and wanted to share a few key highlights:
- Revenue Growth: 2023 revenue increased by 27% YoY, but Q1-2024 revenue missed estimates by 10% due to reduced marketing.
- Profitability: EBITDA and EPS are still negative but improving. Management aims for profitability by 2025, though the report suggests it might be 2026. Can they achieve this with planned expense cuts?
- Customer Acquisition Costs (CAC): CAC significantly dropped from US$85 in Q2-2023 to US$25 in Q1-2024 due to in-house SEO and reseller efforts.
- Market Focus: Sekur is expanding from individual users to SMBs and plans to target large enterprises in H2-2024.