Question 1

Hello, I invested only a small amount, because I am little concerned about the monthly $3K revenue and $75K burn rate seems little extreme. Why is the revenue so small and expenses so high? Is the service not selling easily? What are the money spend on? Will you be able to bre...

Accepted Answer

Hi Vilem, thanks for your question. Juvo is in a huge growth phase right now. We were pulled into a national presence very quickly with over 150,000 locations around the US looking to hire. Due to this national presence we are ramping up our seeker initiatives to ensure there is enough volume to meet the employers’ needs. We anticipate it will take 4-6 months of the continuous growth we are already experiencing, in order to provide enough value to the 1000s & 1000s of employer locations, ...

Question 2

Hi, Could you share your 2021 revenue estimate?

Accepted Answer

Hi Lea, last year was all about building up our foundations as a company, growing our seeker/employer base, and scaling nationwide, so no revenue to speak of in 2021. But our 2022 revenue is expected to be 150,000 depending on when we close our round of funding. We have seen 80,000 applications in Jan alone, so we are anticipating a healthy revenue this year. Thanks for your question.

Question 3

Hi Juvo, thank you for your answer! Could you tell us more about what you mean by "building the foundations as a company" in 2021? And if you only built the foundations in 2021, what did you do since 2014 with the $970,000 raised between 2014 and 2019? Thank you for helping me...

Accepted Answer

Hi Lea, happy to explain. The original funding ($970k) began in 2014 and was raised from friends and family very gradually over the years. It was predominantly spent on 9 months with a consumer mobile incubator, making 3 different versions of the Juvo app before we got our go-to-market version, a lot of legal set up including formation, trademarking, partnerships, and staffing contracts. Everything from 2014 onwards has been preparing us for the steps we took in 2021 to launch an active natio...

Question 4

How many connections were made from the 80,000 applications in January?

Accepted Answer

Hi Roger, thank you for your questions. The 80,000 applications in January were to over 46,000 different locations around the United States. As we are building out a 2 sided marketplace, we have pre-loaded employers and jobs. This enables us to provide a good seeker experience with plenty of employment opportunities, and when the seekers apply it alerts the employer to the Juvo network and the seeker volume we can provide. In this way the job seekers are actually directing our sales process. ...

Question 5

Are you able to share revenue forecasts for 2022 and beyond?

Accepted Answer

Hi Adam, for 2022 our estimated revenue is $225k, and for 2023 it is $2.5mm. We have a full forecast as part of our pitch deck. You can email beth.costley@juvo360.com if you would like to see it in more detail.

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