Covid-19: Staying the Course, Together.
Dear Clients and Partners,
We hope that you and your loved ones are safe.
During these troubled times, the ability of any given firm to maintain a stable, uninterrupted operational environment will increasingly come into question. Kpler is no exception and considers these questions legitimate, especially amid the connected ecosystem in which we serve.
Although we are a privately held company and not required to publish financial statements, we would like to make the following disclosures in order to show our position is solid and ensures business continuity.
Firstly, as of a few days ago, Kpler achieved 25 million dollars of booked revenues, making us the largest proprietary data provider in our category, by far. This figure has doubled in the past 18 months, demonstrating clear growth acceleration.
Secondly, Kpler is a profitable company. Our EBITDA margin finished in double digits in 2019, a result of strict financial discipline. We have always been self-funded and while many tech firms too often measure success around an ability to raise cash or invest in marketing campaigns, we have worked hard to take a more conservative approach, spending our money wisely. This has been key in preventing financial risk amid a difficult economic reality at present.
Finally, Kpler’s revenue streams are well diversified. As many of you know, we started with our LNG product 6 years ago, and this segment still accounts for nearly one third of our revenues.
However, since the move into Crude Oil and Refined products, these segments have become our largest and fastest growing revenue streams, doubling year on year.
Be assured that in the current situation and beyond, we are committed to providing you with the best level of service.
Thank you for your trust.
François Cazor, CEO