Brivo Breaks $100 Million Annual Revenue Analyzed

By Nikita Ermolaev and John Honovich, Published Dec 21, 2022, 08:30am EST (Research)

***** **** ***** $*** ******* ** revenue **** ****, ******* *********** ** 40%, ********* ** *****'* *** ** an ********'* **********.

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**** ****,***** ******** ** ** ****** *** SPAC, *** *********** **** ***** **********, ***** **** ******** ** **** plus **************** * $** ******* **** ** credit.

*******, *** ****'****** ****** ******* ******** - *****, Feenics, ********, ***, *******.

*** ****** *** **** **** *****:

  • *** **** >$*** ******* – “***** cloud-based ****** ******* ** ** ****”
  • **** *********** ** **%
  • **** ** **% ********
  • ********* **** (******* ******* *** *******) 21% ***
  • **% ******** ** ***** *** *********

** ********, *****'* **** ******* *** $73.4, ******* **% **** ****, ** Brivo **** ****** ** **** **** it *** ** ****.

** **** ****, ** ******* *****'* CEO ********* ******* *** ******* *****'* competitive *********** ******* **** ****** ********** (such ** *******, ******** *****, *** Motorola), *****-****** ***** ******** ***** *** Verkada *** ******* ******* *********** **** as ******* *** ***.

***** *** *********** **** **% **** **** **** it ********* *** ****. ** ****, it ****** *** ******** ****** **** (40% ** **%). *******, ******* **** still ***** ****, ***** **** ** did *** ****, *** ******* *** planned $*** ******* **** ******** **** given **** *** **** ***** ****** their ******* ******* ** *** **** despite ****** **** ******.

$*** ******* ** * ******** ********* for *** ****** ******* ******, ***** most ******** ********* *** ** *** tens ** ******** ** ******* ******* range, *** **** ********* **** **** that **** ******** ******** ***** ********* are **** *********** $*** *******. *** exception ** *****.*** *** ** *********** a ******* ******* ****** *******, *** they **** * **** ****** ****** in **** ******** ******** **** **** recently ********* **** ********** ***** *** access.

*** ******** ** **** ***** *** this ** *** **** ****, ***** is * **** **** *** * VC-backed **** ******* ** **** ** get ** **** *****. *******, ** it *** ******** ** **** **% CAGR *** *** **** * *****, it ***** ****** * $*** ******* company.

*******?

***** *** *** ******* *******/**** ** the ********** *** ********* ** **** directly **** "** *** ** ****** reporting ** **** ***** ** ******* since ** *** *** ***** ****** at *** ******."

** ****** **** ***** **** ***** this **** *********** *** **** ****(-$*.* *******) *** **** ******** ** do ** ***** **** **** (-$**.* million ********).

***** ****** *** ******** ** ** a ******* ***** *** *******'* *** churn ****, **** *** (***%), *** high ******* ******* ****** ****. *** risk, ** *** ***** ****, ** that * ********* ***** ****** ********* on *** ****** ** ***** ********'* slow ****** ** *** **********.

SPAC *********

***** **** ********** **** ****** ***** (e.g. *****), **** ********** **** ******** the ***** ****** ****** ** ******** traded *********, **** *** *** **** on *** ****** ******** *** **** do *** ********* ******* ******** (**** has **** * *********** ******* *** Latch, *.*. -**% ***** *******).

Enterprise ******

*** ******* **** **** ********** ** growth ** *** **********, ***** ** notable ***** **** ************ ***** *** been **** ********** ** **** *** smaller ********, **** *** ******* **********:

“**********” ****** ** ********** ********* - 64% ******** ** *****, **% ******** in ***; ***** ******* ********** ********* as ********* **** ******** ********* *** more **** *** *********

**** ** **** ** * ****** of *****'* ******* ********** *** ******* part ** ********* *********** ******** **** comfortable **** ***** *** ******* *** benefits ** ****** ********** *** ********** as **** ******** ****-***** *********.

Other *******

***** ********* ***** ***** ******* *******:

  • ***% *** $ *********
  • ****+ ** **
  • **,***+ ******** *****
  • ***,***+ ******* *******
  • **,***+ ********** ********
  • *.** ***/***
  • *.* ******* ****** ***********
  • *,***+ ****** ********** *******
  • * *** ******* ******
  • ***** ****** *%, ****** *** ** years
  • **** ****** ******* - $** *******

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Competitive **********

** *** **** * *****, ***** has ******* ******* **** **** **** $50 *******. ***, ** $***+ *******, Brivo ** ** * **** ******** position ** **** ** ********** **** are *** ****** **** **** *** generally **** ******** *** ********* ** access ******* ** *** *****. ********* like ******* / ******* *** *** / ******** ***** **** ******** ** keep **** ** ***** ******* ********** accounts **** **** **** **** *** decades *** *** ****** **** *** and *** ****** ** ***** *** the ********** ** ****** ***** ***** offering, *** ******* *** ****** ***** has ** **** *******.

** * **** ****** ** ***** being *********** (***** **** **** $**+ last **** ** ***** ** ***** right ***) *** ********* ***** **** better **** ***** (*** ***** **** from $** ** $*.** *********), ***** benefitted **** *** **** ** ******** their **** ******* *** **** *** market **********.

***** ******* ******** **** *****, ****, and *** *** *********, ***** ** now ******** ******* *** **** ****** that **** ***** ****** ** ******* with, ***** ** *** ******* ** deployments *** ********.

******** ** ********* ******* ** ********, plus ******** ** ******** ** ****** credentialing, *** ******** *** * **** way ** ** ** ******* ** Openpath's ***** (** ***** $** ******* annually **** **** ******** **) ** be ***** ** *****.

*******, ******* ******** **** ***** ****** control **** ** * ****** ***** all ** **** **** ****** (*.*., no ***** ******* ******* **** *** the **** ** ********, *-********, *** social *****). ***** ***** ** ******** positioned ** ****, **** ** *** the **** ** ****** **** *****'* success ***** ***** *********** ** ****.

***, ** ***** *** ***** ********* point ***, ***** ***** *** ***** low, ***** ***** **** ******* ***** in **** ** ****, ** ****, may **** ********* **** ****** ***** 2035 ** **** ******, ****** **** a *** ***** ** *** ********** of *** ******** **** **-******* ** cloud.

Comments (2)

  • **** ** **% ********

*** **** **** ******* ** **** leverages ***** ******** ** *******?

***** ******* ********** ********* ** ********* with ******** ********* *** **** **** 500 *********

**** ***** ** ** * **** small ********* *** **********, **? **** is **** ******** ***** ** **** space ************? ******** ** ****** *******, internally, ** ********* ********* *-**** ********* as ***** ********, ****-**** ** ********* and *,***+ ** **********.

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**** **** ***** *** ****.

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