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Bruce Buchanan

๐Ÿ‘ค Speaker
181 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Rokt Breaks $90m Gross Profit Coming out of Pandemic, 3 Revenue LInes, $500m+ Valuation?

Our revenue numbers this year will be about $170 million, but we also measure our underlying business.

SaaS Interviews with CEOs, Startups, Founders
Rokt Breaks $90m Gross Profit Coming out of Pandemic, 3 Revenue LInes, $500m+ Valuation?

That ticketing vertical and our travel vertical are still massively affected.

SaaS Interviews with CEOs, Startups, Founders
Rokt Breaks $90m Gross Profit Coming out of Pandemic, 3 Revenue LInes, $500m+ Valuation?

So we should surpass $200 million in the underlying business level this year, but our actual realized revenue adjusted for what will happen with COVID in those couple of verticals is still massively impacted with about $170 million.

SaaS Interviews with CEOs, Startups, Founders
Rokt Breaks $90m Gross Profit Coming out of Pandemic, 3 Revenue LInes, $500m+ Valuation?

So I started this business eight years ago, and our objective is to make e-commerce smarter, faster, and better.

SaaS Interviews with CEOs, Startups, Founders
Rokt Breaks $90m Gross Profit Coming out of Pandemic, 3 Revenue LInes, $500m+ Valuation?

Basically, I'm trying to solve a problem I had from my previous business, which was Jetstar, a low-cost airline in Asia Pacific, which I built over 10 years to be the largest low-fares airline.

SaaS Interviews with CEOs, Startups, Founders
Rokt Breaks $90m Gross Profit Coming out of Pandemic, 3 Revenue LInes, $500m+ Valuation?

And one of the problems we discovered, low-cost airlines are one of the first direct-to-consumer businesses, but we discovered the importance of

SaaS Interviews with CEOs, Startups, Founders
Rokt Breaks $90m Gross Profit Coming out of Pandemic, 3 Revenue LInes, $500m+ Valuation?

this moment in time where consumers were transacting, which we call the transaction moment.

SaaS Interviews with CEOs, Startups, Founders
Rokt Breaks $90m Gross Profit Coming out of Pandemic, 3 Revenue LInes, $500m+ Valuation?

And if we could get the right products and the right messages in front of our customers, we could double the profitability of the airline.

SaaS Interviews with CEOs, Startups, Founders
Rokt Breaks $90m Gross Profit Coming out of Pandemic, 3 Revenue LInes, $500m+ Valuation?

And that's the problem we've been trying to solve at Rock for the last eight years.

SaaS Interviews with CEOs, Startups, Founders
Rokt Breaks $90m Gross Profit Coming out of Pandemic, 3 Revenue LInes, $500m+ Valuation?

We have about 3,000 clients now, mostly enterprise.

SaaS Interviews with CEOs, Startups, Founders
Rokt Breaks $90m Gross Profit Coming out of Pandemic, 3 Revenue LInes, $500m+ Valuation?

We launched our Shopify app recently, but we specialize in enterprise level, but the transaction moment's our key business.

SaaS Interviews with CEOs, Startups, Founders
Rokt Breaks $90m Gross Profit Coming out of Pandemic, 3 Revenue LInes, $500m+ Valuation?

So we measure that in two ways because of COVID.

SaaS Interviews with CEOs, Startups, Founders
Rokt Breaks $90m Gross Profit Coming out of Pandemic, 3 Revenue LInes, $500m+ Valuation?

Our revenue numbers this year will be about 170 million, but we also measure our underlying business.

SaaS Interviews with CEOs, Startups, Founders
Rokt Breaks $90m Gross Profit Coming out of Pandemic, 3 Revenue LInes, $500m+ Valuation?

That ticketing vertical and our travel vertical are still massively affected.

SaaS Interviews with CEOs, Startups, Founders
Rokt Breaks $90m Gross Profit Coming out of Pandemic, 3 Revenue LInes, $500m+ Valuation?

So we should surpass 200 million in the underlying business level this year, but our actual realized revenue adjusted for what will happen with COVID in those couple of verticals is still massively impacted with about 170.

SaaS Interviews with CEOs, Startups, Founders
Rokt Breaks $90m Gross Profit Coming out of Pandemic, 3 Revenue LInes, $500m+ Valuation?

No, our gross profit, if you will, will be about just under $90 million.

SaaS Interviews with CEOs, Startups, Founders
Rokt Breaks $90m Gross Profit Coming out of Pandemic, 3 Revenue LInes, $500m+ Valuation?

So we measure...

SaaS Interviews with CEOs, Startups, Founders
Rokt Breaks $90m Gross Profit Coming out of Pandemic, 3 Revenue LInes, $500m+ Valuation?

It's a slightly different way we measure, but yeah, if you looked at it on a gross profit or gross contribution level, it's about 90 million.

SaaS Interviews with CEOs, Startups, Founders
Rokt Breaks $90m Gross Profit Coming out of Pandemic, 3 Revenue LInes, $500m+ Valuation?

It's a little bit complicated because we've got product sales and advertising that gets mixed together.

SaaS Interviews with CEOs, Startups, Founders
Rokt Breaks $90m Gross Profit Coming out of Pandemic, 3 Revenue LInes, $500m+ Valuation?

And product sales, we book, and there's SaaS revenue as well.

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