The company delivers over 500,000 actions to save small businesses during COVID
Tempe, Arizona--(Newsfile Corp. - September 24, 2020) - Business Warrior Corporation (OTC Pink: BZWR), the source for small businesses in America to get more customers, announces a 9% increase in revenue in July after introducing its Marketplace on July 15, 2020. August's revenue jumped even higher with an 18% increase as the company's marketing and sales performed better than expected.
Figure 1: Business Warrior Corp shows 18% increase in revenue
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The company's revenue increase is combined with supplying over 500,000 custom actions to its subscribers aimed at helping them get more customers despite the pandemic. The actions delivered by Business Warrior's proprietary algorithm gives small business owners the necessary insights into their online brand and reputation, which will be more important than ever to get them customers.
SaaS Multiples At All-Time Highs
Business Warrior's success comes as the Software As A Service (SaaS) market is hitting all-time highs for valuations according to a Meritechcapital report. The report outlines that publicly traded SaaS companies are seeing increased multiples as businesses adjust to the "new normal" of an increase in demand for more technology from small businesses. The data found that "the median multiple is 13.3x, up almost 20% from pre-COVID levels." Business Warrior's recurring revenue model, their increase in revenues and the public market's valuations of similar SaaS companies, positions them well into the future with OTC Markets and beyond with their up listing goals.
Marketplace Is A Hit
The launch of the marketplace gave the company new revenue streams resulting in a 9% revenue increase from June to July of 2020. The company's August revenue continued the same pace with an 18% increase in monthly revenue compared to July. Their most popular service gives subscribers marketing, listings management, reputation alerts and monthly website development for only $399 per month. The popularity of this service package has increased the average revenue per subscriber up dramatically to $261, which is a $110 per subscriber increase over the company's projections.
"The most important thing is that we solve problems for our subscribers and they see the value. Early results show that our subscribers are seeing a return on their investment within the first 60 days of upgrading to a paid package with us," says Rhett Doolittle, Chairman and CEO of Business Warrior. "This is great for our growth expectations and the success of our small business customers."
Saving Small Businesses
The company's COVID pledge to small businesses resulted in over 2,000 small business owners receiving more than 500,000 customized actions delivered to help them get more customers. These actions directly correlate to a business owner's ability to grow revenues, especially during the pandemic. This comes on the heels of Yelp's data showing 60% of businesses that closed during COVID will close permanently. The company's platform continues to be popular amongst small businesses who are looking for tools to keep their business open.
About Business Warrior
Business Warrior is the source for small businesses in America to enhance their brand and boost marketing results. The Business Warrior software takes a holistic view of a business's online reputation, listings, website search results and social media. Predictive algorithms are utilized to recommend the most imperative actions needed to drive new customers, positively impact daily operations and improve profitability. For more information, please visitbusinesswarrior.com.
Investor Relations:
investors@businesswarrior.com
(855) 884-5805
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