Cloud-Based SaaS Provider Business Warrior Discusses Corporate Developments and Plans for Growth

Rhea-AI Summary

Business Warrior Corp. (OTCQB: BZWR) has announced significant developments aimed at expanding its lending and marketing services. By acquiring Alchemy, the company shifts towards a monthly recurring revenue (MRR) model, aiding in improved EBITDA and reduced costs. This strategy positions Business Warrior to leverage SaaS growth, particularly in the cloud services market, predicted to reach $592 billion in 2023. The company aims to provide scalable, all-in-one lending solutions, having already facilitated over $100 million in loans. Overall, these moves are expected to enhance cash flow predictability and profit margins.

Positive

• Acquisition of Alchemy enhances recurring revenue model.
• Shift to MRR expected to improve EBITDA and reduce costs.
• Predicted SaaS market growth presents significant expansion opportunities.
• Over $100 million in loans facilitated, demonstrating robust lending capabilities.

Negative

• None.

Recent acquisitions allow the company to acquire larger, multiple-location customers while building a monthly recurring SaaS revenue model

PHOENIX, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Business Warrior Corp. (OTCQB: BZWR), a global leader in lending and marketing software empowering business growth, issued an update today regarding recent corporate developments and the company's plans for future growth. Business Warrior will focus on expanding end-to-end lending and marketing services to lenders.

Jonathon Brooks, President of Business Warrior, said, "At the financial level, our focus remains in shifting our model to monthly recurring revenue (MRR) and increasing positive EBITDA milestones. By synergizing MRR services across Business Warrior, Helix, and Alchemy products, the launch of PayPlan, an all-in-one lending solution, will be a more scalable and cost-efficient product."

Acquiring Alchemy's processes and employees is integral to Business Warrior's trajectory. Helix House and Alchemy produce monthly recurring revenue, one of the essential metrics for financial growth. By integrating Helix House and Alchemy and their existing monthly recurring revenue models, Business Warrior has decreased costs and improved its EBITDA.

Mr. Brooks added, “Our goal was to expand Alchemy’s business model from a one-time custom development revenue that relied on projects into a recurring software model for existing and future new clients. By innovating Alchemy's operating model, we reduced operating expenses and turned focus into reallocating resources for long-term client growth.”

Gartner Group expects worldwide end-user spending on public cloud services to reach a record $592 billion next year, representing a 21 percent increase in annual growth compared with $490 billion in 2022. The Software as a Service (SaaS) Market is estimated to exceed $380 billion at a CAGR of 17.3% by 2030. Gartner projects cloud application SaaS spending to reach $195 billion next year, up 17 percent compared with 2022. The expected majority of growth comes from small to medium-sized businesses as they leverage the benefits of SaaS pricing models to expand their footprints in new markets.

Business Warrior's integrated platform combines advertising performance, financial data, and funding as a critical source of success and growth for business owners. Business Warrior’s experience consists of working with more than 25,000 business owners through its cloud-based marketing and lending platforms since its inception in 2014. The company's customer base is foundational to building momentum in the lending industry. Business Warrior’s software has deployed loans to over 300,000 people worth $100 million, creating turnkey all-in-one lending solutions to serve businesses of all shapes and sizes. With Business Warrior's technology, companies can expand their profits by offering financial products they need to reach sustainable success - all from within the software.

"The combination of these powerful teams has opened incredible opportunities to strengthen the heart of our company leading Business Warrior to create unique new solutions for customers. The company’s focus on the recurring revenue model ensures that the customer can predict cash flow and generate sustainable profit margins for the business. The near future is inspiring for us right now," said Rhett Doolittle, Chief Executive Officer of Business Warrior.

About Business Warrior
Business Warrior Corp. is a software-as-a-service (SaaS) company offering turnkey lending solutions to high-growth companies. We are a full-service provider with an end-to-end lending technology platform and customer acquisition marketing services. Founded in 2014, Business Warrior is a SaaS marketing company with a virtual workforce and employees worldwide. The company has worked with over 25,000 global businesses ranging from small to enterprise businesses. Business Warrior acquired Helix House and Alchemy Technologies in 2022. For more information, visit https://businesswarrior.com.

Forward Looking Statement
This press release and the offering materials may contain forward-looking statements and information relating to, among other things, the company, its business plan and strategy, and its industry. Forward-looking statements are neither historical facts nor assurances of future performance. They are based on the current beliefs of, assumptions made by, and information currently available to the company’s management regarding the future of the company’s business, future plans and strategies, anticipated events and trends, the economy and other future conditions. When used in the offering materials, the words “aim,” “estimate,” “project,” “believe,” “anticipate,” “intend,” “envision,” “estimate,” “expect,” “future,” “goal,” “hope,” “likely,” “may,” “plan,” “potential,” “seek,” “should,” “strategy,” “will” and similar references to future periods are intended to identify forward-looking statements, which constitute forward looking statements. These statements reflect management’s current views with respect to future events and are subject to inherent risks, uncertainties and changes in circumstances that are difficult to predict (many of which are outside of the company’s control) and could cause the company’s actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. All subsequent written and oral forward-looking statements concerning the company, the offering or other matters, are expressly qualified in their entirety by the cautionary statements above. The company does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.

Investor Relations:

John Bailey

Investors@BusinessWarrior.com

(855) 884-5805

FAQ

What is the recent update from Business Warrior Corp. regarding BZWR?

Business Warrior announced its focus on expanding its lending and marketing services, particularly through the acquisition of Alchemy, shifting towards a monthly recurring revenue model.

How much revenue is expected in the SaaS market by 2030?

The SaaS market is estimated to exceed $380 billion by 2030, with a CAGR of 17.3%.

What is the significance of the shift to a monthly recurring revenue model for BZWR?

Shifting to a monthly recurring revenue model is expected to improve Business Warrior's EBITDA, stabilize cash flow, and create sustainable profit margins.

How much has Business Warrior facilitated in loans?

Business Warrior has deployed over $100 million in loans to more than 300,000 individuals.

What is the forecast for cloud services spending according to Gartner?

Gartner projects worldwide end-user spending on public cloud services to reach $592 billion in 2023, marking a 21% increase from 2022.