Tel Aviv, Israel – (Business wire–Glassbox (TASE: GLBX), a digital experience analyzer for web and mobile applications, today announced its financial results for the third quarter and the first nine months of 2021. The company saw non-GAAP revenues of 10.3m in Q3 and $ 27.7M in the first nine months of the year, up 29% year-over-year on cloud subscription revenue. Frequent revenues cover 95% of total revenues.
The company is projected to grow 31% YOY on Pro-Form by gross annual revenue (ARR) of $ 40 million in the third quarter of 2021. This is the second consecutive quarterly growth since Glassbox was unveiled in Tel Aviv in June, accelerating the company’s continued direction and long-term vision, with $ 100 million in ARRs in the 2-4 years after IPO.
“This is a fun time in Glassbox. Continuing Improvement for Digital Channels We continue to see significant investments in our markets and industry and look forward to a brighter future. There is Yaron Morgenstern, CEO of Glassbox. “In addition to our strong organic growth, we will continue to invest in new areas to expand our product portfolio.”
Driving Glassbox Strong growth In the first nine months of 2021, the new ARR is an increase of 186%, compared to Proforma in the past. Building on this progress, the company continues to gain market share in the enterprise and mid-market, including significant increases in mobile deals, with more than 50 new customers and key key brands. Glassbox has over $ 60 million in cash and short-term deposits to invest in R&D, sales and marketing and expand the Experience Intelligence platform.
Glassbox has developed a strategic partnership with Microsoft, which allows it to close new strategic deals, which is currently the only market intelligence solution. The company continues to establish its product leadership in an effort to add value to its customers. The company’s growth has also been fueled by the acquisition of AB experimental technology from Convertize, which has enabled Glassbox to expand its experience of intelligence.
In recognition of its forward-looking efforts, Glassbox has received over 40 G2 awards and recently ranked # 1 in the Autumn Communication Index. In addition to being a leader in digital analytics software and G2 momentum in the fall 2021 mobile application analysis.
About Glassbox ፡
Glassbox encourages organizations to create free digital travel for their customers. Our digital experience analytics platform works instantly on mobile apps and the web to accelerate loyalty and growth. With AI-driven imaging and analytics tools, Glassbox enables teams to prioritize customer experience and digital product enhancements over a collaborative system. From IT (Information Technology) and Product Management to Marketing and Obedience, teams can understand consumer struggles, visualize customer travel and streamline every step. Hundreds of enterprises in many industries have opted for Glassbox for easy, secure and private cloud-based deployment.