#RateGain is the next one I am reading about since it is so called positioned as SaaS but I have got contradicting date which I haven't been able to evaluate yet on my own. I read the business update just now and following is my 1st assessment.
Rev grew by 40% YoY but that's not the main metric we should focus at since it is positioned as SaaS business.
While I am not sure % of SaaS revenue from the total rev., perhaps someone can throw light. I haven't gone into depth of the business yet.
While I am not sure % of SaaS revenue from the total rev., perhaps someone can throw light. I haven't gone into depth of the business yet.
Gross Retention Rate(GRR) of 92% & Net Retention Rate(NRR) of 121%. It is important to know what each stands for & interpret correctly.
NRR is includes expansion rate while GRR does not. Meaning, NRR shows if the company is able to retain & grow customers to pay more. GRR only shows if the company is able to retain.
So GRR is not really what we should focus at. NRR is a better SaaS metric
So GRR is not really what we should focus at. NRR is a better SaaS metric
NRR >100% indicates growth! Meaning, your account expansion is on growth path! GRR leaves this aspect out.
ARR at 97% is very robust.
ARR at 97% is very robust.
LTV to CAC has improved from 8.9 to 11.34 on account of high vol. growth. We can only know that numerator has gone up. No idea on denominator.
I will use this as a base thread & grow it once I know more about this. One thing though - we can't compare with US counterparts. Indian cos. always trade at higher multiple. We can't say US cos trade at lower multiple so our cos are overvalued.
Key thing to find out is - of 100% rev., how much is pure SaaS? Anyone knows, do share.
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