Hi, do you all plan on remaining an LLC for tax purposes, and do you anticipate becoming profitable any time soon?

Hi Lucas, thanks for the question. As we continue to grow and take on investors, we are constantly evaluating how we may evolve our corporate structure. Regarding profitability, although our past 12 month financials are not formalized / audited yet, our current estimates show that we have been profitable (on a month to month basis) since July 2021 to date. Additionally we continue to see aggressive revenue growth. We are excited about our future! Thanks for the questions. Happy to chat direct...

"24 clients netting us over $450k of monthly revenues", how much does your largest customer contribute monthly to the $450K, what is your average customer billings per month?

Hi James. Thank you for the question.....it is a great one to ask as a potential investor! To date (4/7/22) we have 34 clients and over $540k of monthly revenues (previous number was as of 12/31/21). Our largest client is ~15% of our revenue and our average customer billing per month is ~$17,000. Thank you for your interest in Sonatafy and helping us. Feel free to ask any further questions.

Hi Steve, Lots of software companies valuation around 40x on the revenue, your valuation is a bit out of that range, can you please justify? I'm interested but a bit high valuation for me.

Hi Quang, thank you for the question. Per the Company Valuation data provided, our research shows that software services companies are being valued at anywhere from 2.6 times revenue up to 60+ times revenue. For this offering we have valued our company at ~3.57 times revenue, which we believe is on the conservative side compared to our competitors. As we continue to develop our internal IP (which we call NEXXUS) and offer it to other companies (potentially in 2023), we expect our valuation mu...

So instead of India and Eastern Europe you are going to Latin American countries? That is still offshoring.

Hi Umair, thanks for the question. The term "nearshore" or "nearshoring" is typically used to discuss an approach to outsource to a third party company from another geographic location (where labor costs are typically lower), which is relatively close to the company's area or on the same time zones. This term has gained a lot of popularity in the US as it relates to software development services and outsourcing. Our target clients are in the United States (or at least their primary software t...

What is your exit strategy?

Hi Umair, thanks for the additional question. Our goal is to grow our annual revenues to $50M to $80M over the next 3 to 5 years and then look at an exit strategy. Potential options may include selling to a Private Equity firm, a Global IT firm and /or exploring various public market options.

Sonatafy Technology Updates, Team, and Funding Progress | Wefunder, Home of the Community Round

💥 Recurring Monthly Revenue over $500k per month (as of 5/1/22)

🌱 200%+ YoY Revenue Growth from 2020 to 2021.

💰 2022 Revenue growth of 150%to 200%+ with an estimated $6M to $8M of Revenue

💫 $33M+ of Customer Pipeline (as of 5/1/22)

👀 Seeking Growth Capital Not Start-up Capital

💪 Expert Team w/ 100+ Years of Combined Experience

📈 US Tech Software & Services spend is $825B and growing

💥 Featured in Forbes, Entrepreneur and More

Sonatafy Technology

Our Mission Is To Dramatically Simplify Software Development Outsourcing

$113,250

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$113,250

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