Months Ahead of Schedule, Second Quarter Results Show 223% Revenue Increase
Tempe, Arizona--(Newsfile Corp. - April 16, 2021) - Business Warrior Corporation (OTC Pink: BZWR), the source for small businesses in America to get more customers, posted its quarterly financials (Q2 2021) on Thursday, April 15, with a 223% increase in revenue compared to the first quarter. The results show the company posting a profit of over $60K in February, which is months ahead of schedule.
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The recent success is attributed to their partner relationships and solving, what the company feels is, one of the biggest problems facing small businesses: getting more new customers. Business Warrior's national reach and ability to market to small businesses helped its partners reach customer acquisition and revenue goals.
Business Warrior's Software-as-a-Service (SaaS) 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.
"We are on track to scale faster than ever before as a direct result from our marketing solutions outperforming expectations resulting in major success with our partners," said CEO and Chairman for Business Warrior, Rhett Doolittle. "In response, our team has grown significantly, and we are able to execute business decisions that we previously had slated for 2022."
Growth Rate Continued into March
The majority of the Q2 revenue came from success with partner channels. The positive trajectory and growth rate continued through March. The success is enabling Business Warrior to scale faster than previously predicted, allowing it to implement growth plans that were scheduled six to twelve months out. Since December, the internal team doubled in size and grew its software development team by 30%. The company is spending ten times as much in advertising to expand its reach directly to small businesses.
Business Warrior has previously shown its ability to have strong financing partners in place, and now combined with the increase in revenues, the business is positioned to scale its SaaS platform much faster than planned. The company is still in the building phase and will continue to invest capital into growth.
"While we don't plan on continuing to be profitable at this stage, this is a great sign of our ability to operate and have early success with our sales efforts," said Doolittle.
Q2 Shareholder Call: April 22nd
Business Warrior is holding a shareholder call for full Quarter 2 results on Thursday, April 22, 2021 at 1 P.M. PST/4 P.M. EST.
Reserve your spot for the shareholder call by registering here.
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 visit businesswarrior.com.
Forward Looking Statements:
This press release and the offering materials may contain forward-looking statements and information relating to, among other things, the company, its business plan and strategy, and its industry. Forward-looking statements are neither historical facts nor assurances of future performance. They are based on the current beliefs of, assumptions made by, and information currently available to the company's management regarding the future of the company's business, future plans and strategies, anticipated events and trends, the economy and other future conditions. When used in the offering materials, the words "aim," "estimate," "project," "believe," "anticipate," "intend," "envision," "estimate," "expect," "future," "goal," "hope," "likely," "may," "plan," "potential," "seek," "should," "strategy," "will" and similar references to future periods are intended to identify forward-looking statements, which constitute forward looking statements. These statements reflect management's current views with respect to future events and are subject to inherent risks, uncertainties and changes in circumstances that are difficult to predict (many of which are outside of the company's control) and could cause the company's actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. All subsequent written and oral forward-looking statements concerning the company, the offering or other matters, are expressly qualified in their entirety by the cautionary statements above. The company does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.
Investor Relations:
investors@businesswarrior.com
(855) 884-5805
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/80663
