Healthcare Tech Company - Recurring Revenue & High Client Retention
December 04, 2024
by an intermediary from University of California, Irvine in San Diego, CA, USA
This company is a leading provider of patient engagement and experience solutions in high-growth healthcare markets, including MENA and Southeast Asia. Its innovative digital platform leverages AI and analytics to transform patient interactions across various touchpoints.
Key Metrics
Revenue Growth: Achieved a 26% CAGR over the past four years, with projected revenue of $650,000 in 2024.
Recurring Revenue: 90% of revenues stem from product licenses, ensuring scalable and predictable cash flow.
Retention Rate: Maintains an 89% retention rate among clients with annual contracts exceeding $15,000 and 100% among international clients outside its domestic market.
Earnings: Seller’s Discretionary Earnings (SDE) for 2023 was $230,000, with a TTM SDE of $227,000.