This company reported record revenue in 2021, up 75% YoY to $12.5M, beating our estimate by 9%. Revenue growth came from increased ads, monetized impressions, and enhanced product offerings. In Q4, monetized impressions rose 88% QoQ, and ads increased 97% QoQ.
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Hi Rahil, thank you for the question. We are expecting a significant increase in revenue in 2024. Funds flow from operations decline in 2025 as we are using lower gross margins and higher product development costs for conservatism. Our models are based on the assumption that Kidoz will be used by approximately 70k apps (currently 4k) by 2027. Hope this helps. Thank you.
How is your 2024 fund from operations estimate increasing from $3.4M in 2023 to $33.2M in 2024?
Hi Rahil, thank you for the question. We are expecting a significant increase in revenue in 2024. Funds flow from operations decline in 2025 as we are using lower gross margins and higher product development costs for conservatism. Our models are based on the assumption that Kidoz will be used by approximately 70k apps (currently 4k) by 2027. Hope this helps. Thank you.
Any updates on my question?