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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?

So we finished the year before without any COVID impacts and we finished right just above $100 million.

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

So what was interesting was our investors...

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

Despite the COVID impact, they could see that the business was growing in an underlying basis really fast.

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

And so the valuation lifted, I think about 65% over about nine months.

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

And that wasn't because our actual results were lifting that way.

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

They could just see the underlying business getting stronger and stronger and stronger.

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

So actual revenue remained pretty flat.

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

I mean, it looks flat, but actually it wasn't flat really.

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

It was like a rollercoaster.

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

March, April, we got smashed when COVID started.

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

And our revenue tanked 65%.

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

And then we came back with this, you know, retail and all these other businesses really were growing fast.

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

And so we finished the year really strong.

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

But if you look at the annual results year on year, it looks relatively flat.

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

But it was more like a roller coaster in the middle.

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

Yeah.

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

I mean, our underlying business is still growing strong.

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

So we still did about 35, 40% growth in 2020 and underlying basis.

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

You know, if you take out the COVID impacts and this year we'll do the same, you know, we'll go from that one

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

140, 130, late 130, 140 million to about 200 million on an underlying basis.