Business Warrior Corporation (OTC: BZWR) has announced its Q3 2023 financial results, reflecting impressive growth and strategic milestones. The Company achieved a 3.8% quarter-over-quarter revenue growth, coupled with a substantial reduction in expenses. Notably, the recently launched PayPlan product showcased remarkable revenue growth, generating $121,250 in the quarter compared to $5,000 in the previous quarter. For the nine months ended May 31, 2023, the Company demonstrated a solid performance with a 33% revenue increase and a 30% decrease in operating expenses. This marks the second consecutive quarter of expense reductions alongside revenue growth, forming a strong financial foundation. The Company's focus on advertising investment will be primarily directed towards the growth of PayPlan, which has shown promising quarterly revenue growth. With its streamlined business model and comprehensive lending software solution, Business Warrior is poised to gain market share, reach profitability, and deliver consistent revenue growth.
PHOENIX, July 18, 2023 - Business Warrior Corporation (OTC: BZWR), the source for cloud-based lending solutions designed to fuel sustainable business growth, has announced its financial results for the quarter ending May 31, 2023. The Company displayed a 3.8% quarter-over-quarter revenue growth, coupled with a substantial reduction in expenses during the same period. Notably, the Company reports a remarkable revenue increase from its recently launched signature product, PayPlan, which generated $121,250 in the quarter, a sharp rise from the $5,000 in the previous quarter. PayPlan is a key focus of growth for the Company.
For the nine months ended May 31, 2023, the Company demonstrated a solid performance with revenue of $3,243,742, marking a significant 33% increase compared to the nine months ended May 31, 2022. Concurrently, operating expenses decreased by 30%. This marks the second consecutive quarter of significant reductions in operating expenses and now alongside revenue growth. The Company forecasts that operating expenses will stabilize in every area except for advertising and promotion, which are intended to grow sales. The decrease in expenses and revenues climbing sets a strong financial road ahead and forms a cornerstone of the Company's plan to gain market share and reach profitability.
The most substantial area of expected growth lies within the Company's PayPlan product, which will be the primary focus of advertising investment moving forward. The quarterly revenue growth demonstrated by PayPlan showcases the promising progress of its strategy.
Positive Trends In The Company’s SaaS Business Model
Business Warrior reported $910,719 in revenue for the quarter, which marked a decrease compared to $1,227,007 in the same period of 2022, but an increase from the previous quarter. This reduction was primarily due to a 12-month contract with a substantial client that expired in December of 2022, which accounted for $704,545 of the revenue in the third quarter of 2022. The new business model adopted by the Company mitigates the risk associated with large one-time projects or over-reliance on a single customer. The Company is proud to highlight that it did not have one client representing over 15% of revenues in the current quarter, a substantial improvement from the previous year.
Key Strategic Milestones
About Business Warrior
Business Warrior Corporation (BZWR) is a publicly traded company listed on the OTC Pink Sheets. Their signature product, PayPlan, is a software-as-a-service (SaaS) turnkey lending solution built for lenders and high-growth companies. We are a full-service provider with end-to-end lending technology, including custom software development and customer acquisition marketing services. Founded in 2014, Business Warrior is a SaaS marketing company with a virtual workforce and employees worldwide. The company has worked with over 25,000 global businesses ranging from small to enterprise businesses. Business Warrior acquired Helix House and Alchemy Technologies in 2022. For more information, visit businesswarrior.com.
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