HubSpot Inc (HUBS) is on track to be cash-flow positive in 2016, according to Chief Financial Officer John Kinzer. He was speaking at the 17th annual Needham Growth Conference, held at the Palace Hotel in New York City.
The inbound marketing company, which went public on the New York Stock Exchange last October, has over 12,000 customers, Kinzer said. It is targeting the estimated 2.9 million mid-market companies in the U.S. and Europe.
“About 3% of companies have a solution like ours,” said Kinzer. “It’s pretty wide open. There’s lots of opportunity to grow the business in that market.” Retention rates for current HubSpot customers are “in the low 90s,” Kinzer said.
HubSpot will announce its fourth-quarter and full-year 2014 financial results after the U.S. financial markets close on Wednesday, February 11. The company’s third quarter showed $30.4 million in revenue, up 51% year-over-year.
“There’s been a lot of work done about really educating the market about what inbound marketing is,” Kinzer said. “What you’re seeing now is people realizing they need to have this.”
FOR THE FULL PRESENTATION CLICK HERE.
Harpreet Grewal, CFO of Constant Contact Inc (CTCT), Speaks at Needham Growth Conference
January 14, 2015
Joseph Puishys, CEO/President of Apogee Enterprises Inc (APOG) Speaks at Needham Growth Conference
January 14, 2015
Bel Fuse, Inc. (BELFA) President/CEO Daniel Bernstein Speaks at Needham Growth Conference
January 14, 2015
Comverse Inc (CNSI) President/CEO Philippe Tartabull Speaks at Needham Growth Conference
January 15, 2015
SS and C Technologies Holdings Inc (SSNC) CEO William Stone Speaks at Needham Growth Conference
January 16, 2015
