Referrizer, LLC Reports Y-O-Y Quarterly Revenue Growth of 55% and Annual TTM Revenue Growth of 61% to $2,841,781
April 19 2022 - 8:00AM
InvestorsHub NewsWire
Referrizer,
LLC Reports Y-O-Y Quarterly Revenue Growth of 55% and Annual
TTM
Revenue Growth
of 61% to $2,841,781
Coral Springs, FL -- April 19, 2022 -- InvestorsHub NewsWire
-- Referrizer,
LLC, the world's most advanced marketing automation
platform for local businesses today reported its financial results
for the quarter and trailing twelve months "TTM" March 31, 2022.
The company reported year-over-year 55% revenue growth and annual
TTM revenue growth of 61% from 2021 to 2022.
First 1st
Quarter 2022 Compared to First 1st Quarter 2021:
-
55% increase in revenue in Q1'22 compared to Q1'21,
increasing to $760,533 from $491,565 in Q1'21.
-
Spend per customer increased by 24% from $455 in Q1 2021 to
$565 in Q1 2022.
-
Number of successful payments increased 23% to 4,246 compared
to 3,454 in Q1 2021.
Full Year
TTM 2022 Compared to Full Year TTM 2021:
- Revenue
increased by 61% from $1,770,458 in 2021 to $2,841,781 in
2022.
- Spend per customer
increased by 27% from $1,092 in 2021 to $1,388 in 2022.
- Number of
successful payments increased 32% to 16,134 compared to 12,269 in
2021.
Upcoming
Highlights
Revenue Growth
TTM 1st Qtr.
2022
- TTM
1st
Qtr. 2022 revenue of $2,841,781 vs $2,572,813 2021 YE revenue
for a 10% growth quarter to quarter.
Valuation
- Last year at
this time Referrizer raised capital at $8.8M pre-money valuation.
Referrizer is now raising up to $2.0M at a pre-money valuation of
$18M for an estimated ROI of 105% in 1 year.
Crowdfunding
Campaign
- Planned
launch of $1 million crowdfunding campaign with Republic, a
platform with over 1.5 million members at an $18 million pre-money
valuation.
Sales
- Signed
strategic partnership with $5 billion SAAS business with 200
million users where we will be featured on their
website.
- 276 new
customers for the quarter
- Two new
integration partners Mariana Tek and Walla
- Sales
pipeline of multi-location corporate franchises in excess of $3.0
million representing 15 corporate opportunities.
Product
- Designing
Partnership Marketplace including APIs for largest APP marketplace
for SMBs.
"Our first quarter and TTM full year results continue to
thrive with 54% revenue growth over the same quarter last year and
TTM full year growth of 61%" said Andre Cvijovic, the Company's
Chairman and CEO.
Mr. Cvijovic continued, "We are looking for participation in
our crowdfunding campaign and or direct investment in Referrizer
and also investor referrals for interested parties in this round of
funding. Lastly, introductions to multi-location franchise owners
would be greatly appreciated."
George O'Leary, Vice Chairman, said "With our TTM annual
revenue going from $2.58M to $2.84M during the last quarter
increases the calculated market capitalization by $2M, creating a
buying opportunity for the crowdfunding campaign."
About Referrizer, LLC
Referrizer is
helping local wellness businesses to solve two of their biggest
business challenges: getting new customers and keeping existing
customers longer. It's the worlds' most advanced marketing
automation for local businesses offering end-to-end
solutions.
Referrizer is a
cloud software service platform that integrates with existing POS
or business scheduling software. It empowers local businesses with
an automated Referral Marketing System that turns existing
customers into brand ambassadors. Our Reputation Management system
prevents businesses from getting bad reviews while delivering 10x
improvement in positive 5-star reviews. Our set of tools for
Retention Marketing include: a loyalty program, Email and Text
marketing automation that empowers communication with customers, so
businesses can increase upsell value, prevent cancellations, reduce
churn and extend lifetime value of their customers.
Our newest
"Quick Connect" feature increases conversion rate from leads to
customers by 400% by reducing time to contact leads from hours to
less than 60 seconds.
As a result,
businesses in our network experience positive ROI in the very first
month, save hundreds of hours in manual labor through automation
and most importantly get predictable, long-lasting
results.
Referrizer is
growing incredibly fast. Our upcoming releases in development will
simplify user experience and the onboarding process while
delivering even better results for our
clients. For more information, visit
our website at www.referrizer.com
or reach andre.c@referrizer.com
Forward Looking Statements
Forward-Looking
Statements in this press release, which are not historical facts,
are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Our actual results,
including as a result of any acquisitions, performance or
achievements may differ materially from those expressed or implied
by these forward-looking statements. In some cases, you can
identify forward-looking statements by the use of words such as
"may," "could," "expect," "intend," "plan," "seek," "anticipate,"
"believe," "estimate," "predict," "potential," "continue,"
"likely," "will," "would" and variations of these terms and similar
expressions, or the negative of these terms or similar expressions.
Such forward-looking statements are necessarily based upon
estimates and assumptions that, while considered reasonable by our
management, and us are inherently uncertain. We caution you not to
place undue reliance on any forward-looking statements, which are
made as of the date of this press release. We undertake no
obligation to update publicly any of these forward-looking
statements to reflect actual results, new information or future
events, changes in assumptions or changes in other factors
affecting forward looking statements, except to the extent required
by applicable laws. If we update one or more forward-looking
statements, no inference should be drawn that we will make
additional updates with respect to those or other forward-looking
statements.
Contacts:
Andre
Cvijovic George
O'Leary
Chairman and
CEO Vice
Chairman
(954)
667-3648 (561)
779-8338
andre.c@referrizer.com
goleary@referrizer.com
Referrizer, LLC
Selected Financial Data
Quarters Ended March 31, 2022 and
2021
|
|
|
Three Months Ended Mar.
31,
|
|
|
2022
|
|
|
2021
|
Statement of Operations
Data
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue
|
$
|
760,533
|
|
$
|
491,565
|
Net loss
|
$
|
(190,794)*
|
|
$
|
(81,778)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance Sheet Data
|
|
|
|
|
|
|
Mar 31, 2022
|
|
Mar 31, 2021
|
Total Assets
|
$
|
927,129
|
|
$
|
941,388
|
Total Liabilities
|
$
|
542,385**
|
|
$
|
173,238
|
Total Unitholders' Equity
|
$
|
384,744***
|
|
$
|
768,150
|
Net Capitalized Software Development Costs
|
$
|
330,527
|
|
$
|
304,782
|
- * Net Loss increase includes
hiring two new executives, product and marketing hires, and
increase in pay for the Serbian Development and Support teams based
upon change in the market dynamics.
- ** Includes $350,000 of new SBA
loan with a 30-year term at 3.75% interest.
- *** Decrease in Equity due to
($523k) in TTM net loss offset by equity compensation of
$133k.