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Remotely KPIs

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Remotely KPIs

In this post you will be able to see the latest metrics we have shared with our investors. For paid subscribers only.

Jul 21, 2020
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Remotely KPIs

remotely.substack.com

KPIs for early stage companies evolve over time. In this post we hope to share the trend-line we share with our shareholders. We we will update with the latest as we go.

December 2020

  • Net Cash Balance: $1.125M + $50k in short-term AR (previously $1.190M including short-term AR)

  • Last 30-days cash consumption: $15k

  • Months of run-rate: 78 months

  • GMV managed: ~$1.17M (aggr salaries of talent, annualized)

  • MRR: $24,000 (we cancelled our substack paid subscriptions)

  • Non-recurring revenue: $7,500 in one-off fees.

  • Customers: 7

  • Talent placed: 21

  • Open positions currently hiring for: 33 (for current customers)

October 2020

  • Net Cash Balance: $1.21M (net of security deposits)

  • Last 30-days cash consumption: $10k

  • Months of run-rate: 120 months

  • MRR: $15,092 ($92 in substack subscriptions)

  • Customers: 5 (1 non-recurrent)

  • Talent placed: 14

  • Open positions currently hiring for: 9 (for current and prospect customers)

September 2020

  • Net Cash Balance: $1.22M (net of security deposits)

  • Last 30-days cash consumption: $50k

  • Months of run-rate: 24

  • MRR: $7,083 ($83 in substack subscriptions)

  • Customers: 3 (1 is non-recurring)

  • Talent placed: 10 (1 is a one-off placement)

  • Open positions currently hiring for: 15 (for current and prospect customers)

August 2020

  • Cash Balance: $1.27M

  • Last 30-days cash consumption: $80k*

  • Months of run-rate: 16

  • MRR: $7,083 ($83 in substack subscriptions)

  • One-off revenue: $14,400 (1 engineer placed with standard head hunting model)

  • Customers: 3 (1 is non-recurring)

  • Developers: 3 (1 is a one-off placement)

  • Open positions currently hiring for: 16 (for current and prospect customers)

*$73k in one-off expenses were incurred (namely: legal fees from our round, legal fees from the legal infrastructure, purchase of laptops for developers). We also got paid our first client invoice.

July 2020

  • Cash Balance: $1.35M

  • Last 30-days cash consumption: $35k

  • Months of run-rate: 38

  • MRR: $3,056 ($56 in substack subscriptions)

  • Customers: 1

  • Developers Employed: 2

June 2020

  • Cash Balance: $1.38M

  • Last 30-days cash consumption: $81k*

  • Adjusted burn-rate: $30k**

  • Months of run-rate: 23

  • MRR: 0

* Includes $30k one-off legal expense (for the round). Also, the founding team is not getting a salary. $42k was spent in the Gitsight Engineering team salaries (we run the $21k payroll twice).

**Includes $21k in Eng Team salaries + $9k in ongoing/prepaid expenses.

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Remotely KPIs

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