Verkada regularly touted being a 'rocketship' but never markets its actual revenue. However, in a recent webinar, a Verkada VP boasted of $130 million revenue last year and that the company was shipping "60,000 devices every quarter."
How big is that? How does it compare to competitors and what does this say about Verkada's growth rate? And can the numbers be trusted? Inside this note, we examine:
Revenue and Shipment Claims Made
Bookings vs. revenue
The device count now compares to what was revealed during March's Verkada breach/hack
Discrepancies between what Verkada claims and what is known about the company