Sam Stewart - Latest Comments in Xero - 2,200 customers, $1.4 million annualised revenue

Re: Xero - 2,200 customers, $1.4 million annualised revenue

Mitchel — Wed, 18 Feb 2009 22:11:01 -0000

http://blog.xero.com/2009/02/1...

Unbelievable...

10th of may 2009 - 80 days away - I predict Xero.com will have between 6000 and 7000 .. and yes one of them is me..

Re: Xero - 2,200 customers, $1.4 million annualised revenue

samstewartnz — Mon, 09 Feb 2009 02:25:17 -0000

Hi Tim,
Can you quote a source for that number? I am not aware of Xero making a customer number announcement since the 2,200 figure at 30 September 2008.

Sam

Re: Xero - 2,200 customers, $1.4 million annualised revenue

Tim S — Sun, 08 Feb 2009 17:51:08 -0000

3350 now!

Re: Xero - 2,200 customers, $1.4 million annualised revenue

samstewartnz — Wed, 07 Jan 2009 08:27:42 -0000

Hi Matt,
While I think Xero have made a good start in the NZ market I still think it is too early to determine them a success (from an investment point of view). I agree that Australia could make or break Xero with the huge upside potential being in the larger UK market.

Sam

Re: Xero - 2,200 customers, $1.4 million annualised revenue

samstewartnz — Wed, 07 Jan 2009 08:17:44 -0000

Hi Barry,
I am not sure how you have derived your projections but based on the assumptions in the post even if they did double their total subscribers to 6000 by May 2009 they would still be only half way to the estimated break-even point. This illustrates the limitations of focusing on percentage growth rates for early stage companies. It will be interesting to observe the level of uptake Xero obtains outside NZ over the next 12 months. I think the international potential of Xero will ultimately determine the return to early stage investors.

Thanks for the comment.

Sam

Re: Xero - 2,200 customers, $1.4 million annualised revenue

Barry Lau — Mon, 05 Jan 2009 18:50:18 -0000

3000+ Customers now,

Now that www.Xero.com is a global product coming to the change over periods - it is probable that they could have more than double this number by 10-May 2009.

1/04/2007 0
30/07/2007 204
1/02/2008 500
1/04/2008 950
10/05/2008 1406
21/08/2008 2000
30/09/2008 2200
31/12/2008 3000
1/02/2009 3500?
1/04/2009 5000?
10/05/2009 6000?

Re: Xero - 2,200 customers, $1.4 million annualised revenue

Matt — Tue, 02 Dec 2008 16:28:33 -0000

I think it has been proven that in NZ they will be a big success,
Australia will be the market that makes or breaks XRO

Re: Xero - 2,200 customers, $1.4 million annualised revenue

samstewartnz — Thu, 06 Nov 2008 03:57:30 -0000

Thanks for the comments. It is an interesting story that hopefully has a long way to go.

Re: Xero - 2,200 customers, $1.4 million annualised revenue

Tim S — Wed, 05 Nov 2008 16:16:50 -0000

Good Read!

2350+ customers now and climbing

Re: Xero - 2,200 customers, $1.4 million annualised revenue

Jason W — Tue, 28 Oct 2008 17:25:45 -0000

Interesting Stuff!

Xero is one of the most interesting businesses to follow here in NZ at the moment. It's a great start-up story and the transparency given due to its listing on the NZX makes it so easy to follow.

Will be interesting to see how many customers they haul in over the next change-over period (March- May)