Business Warrior Investor Call for September 21 2023
September 21, 2023 4:30 PM EST
CEO Rhett Doolittle
Summary of call:
Business Warrior Corporation held a shareholder conference call to discuss the company’s progress and future plans. It was not a financial quarterly call, and audited financials will be completed in November.
The company reported an unaudited 16.5% quarter-over-quarter revenue growth for the fiscal year ending in August. The CEO, Rhett Doolittle, discussed the company’s path to profitability and its strategic growth plans.
In March 2022, the company acquired Helix House, a profitable advertising agency. The acquisition was aimed at enhancing Business Warrior’s marketing capabilities.
Furthering the company's expansion plan, Business Warrior acquired Alchemy Technologies in June 2022. Alchemy built over 50 enterprise lending solutions for clients across the world.
The company’s main focus is its flagship product, PayPlan, aimed at automating and streamlining loan origination and management for lenders. Business Warrior aims to solve issues like outdated technology, fraud, and inefficiencies in the lending industry.
Business Warrior has three main revenue streams: SaaS revenue, transaction fees from loan volumes, and professional services. The company is looking to raise more capital to accelerate its path to profitability, which is currently estimated to be within 12 to 18 months.