2023 should be big for JPIM.v Next year should see Jasper Commerce (TSXV: JPIM) enter into a new phase of growth. In a recent press release, the company preannounced continued growth for Fiscal 2022.
For Fiscal 2022 the Company expects to announce revenue of at least $1.68 million, which is a minimum increase of 23% versus Fiscal 2021. For Fiscal 2022, the Company expects to report Subscription Revenue of around $1.2 million, which is a minimum increase of 33% over Fiscal 2021. Total customer count ending Fiscal 2022 was up 43% from Fiscal 2021.
Jasper expects to reduce its cash-burn rate to $240-$260 thousand per month exiting Q1 2023, and further expects cash burn to decline from here as revenues increase further into Fiscal 2023.
I’m interested to see how the company’s sales performance measures up in 2023, as it has shown continued growth so far. In addition to reduced cash burn, continued sales growth will show this company is on the right track.
JPIM.v is currently trading at $.05, valued at $2.9 million.
https://ceo.ca/@newswire/jasper-preannounces-continued-growth-in-fiscal-2022