SaaS Tech IPO'd June 2019 @$1.60

Workflow Communications as-a-Service (WCaaS) Workflow platform that automates interactions between businesses and people.

(IPO's have had a strong year in 2019) Note this company is not profitable (ANZ business is standalone profitable)

"Capital's in the bank, we've got a clear line of site we'll be profitable from a month on month position by June 20, and we'll have a minimum cash in the bank position of about $11 million," - Wells

Revenue model

Whispir’s revenue is derived from recurring subscription licences, recurring transactional charges and support charges from its more than 500 enterprise customers in Australia, New Zealand, Asia and North America.

Total revenues in FY18 were A$27.8 million with the company forecasting in its Prospectus to increase FY20 revenues to $37.8 million and achieve sustainable breakeven operations in June 2020. The Company’s business model is globally scalable with more than 93 percent of revenue of a recurring nature. Whispir’s service is sold directly as well as through channel partners that include IBM, Telstra and StartHub. 

Chief Executive Officer and Founder, Jeromy Wells est. 2001

Customers = 

• Walt Disney
• Virgin Australia Group 
• Department of Jobs and Small Business
• AGL 
• AIA Group Singapore 
• The Department of Fire and Emergency Services of Western Australia
• Takata Airbag Recall 
• Foxtel 
• Fire and Rescue New South Wales

Software revenue consist of monthy recurring licence subsciption fees + software transactional revenue + professional services.

Revenues incred by29% YoY driven by new customer acquisition and continued growth in revenue from existing customes, and professional service revenue growth.

EBITDA improved by $2.6m in 2018 (26%) in comparison to the previous year. 

Customer revenue retention of 116% in FY18

Forecast annualied recurring revenue CAGR of 27.6% from FY18A to FY20F

(Global addressable market of US$8bn)