TrueContext
Financials
Estimates*
| USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 11.5m | 15.1m | 17.7m | 19.4m | 21.3m | 24.2m | 28.6m |
| % growth | 23 % | 31 % | 17 % | 10 % | 10 % | 14 % | 18 % |
| EBITDA | (1.9m) | (1.5m) | (<1m) | (3.7m) | (3.9m) | (<1m) | 2.2m |
| % EBITDA margin | (17 %) | (10 %) | (3 %) | (19 %) | (18 %) | (1 %) | 8 % |
| Profit | (2.4m) | (2.3m) | (1.5m) | (4.5m) | (4.4m) | - | - |
| % profit margin | (21 %) | (15 %) | (8 %) | (23 %) | (21 %) | - | - |
| EV / revenue | 2.3x | 3.2x | 5.2x | 4.3x | 2.1x | 2.8x | 3.6x |
| EV / EBITDA | -13.8x | -33.3x | -169.9x | -22.0x | -11.7x | -231.0x | 46.9x |
| R&D budget | 4.0m | 4.8m | 5.4m | 7.1m | 6.9m | - | - |
| R&D % of revenue | 35 % | 32 % | 31 % | 36 % | 32 % | - | - |
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
N/A | Early VC | ||
$5.4m | Early VC | ||
| N/A | $5.4m | Seed | |
| N/A | $7.6m | Series B | |
| N/A | N/A | IPO | |
| N/A | $1.0m | Post IPO Equity | |
| N/A | $3.0m | Post IPO Equity | |
| N/A | $4.0m | Post IPO Debt | |
CAD750k | Grant | ||
* | $150m Valuation: $150m 6.2x EV/LTM Revenues -505.4x EV/LTM EBITDA | Buyout | |
| Total Funding | €17.2m | ||
Recent News about TrueContext
EditTrueContext is a dynamic startup specializing in field service management solutions. The company offers a comprehensive platform designed to streamline and enhance the efficiency of field service operations. TrueContext primarily serves businesses that rely on field technicians, such as utilities, telecommunications, and maintenance services. These clients benefit from the platform's ability to bridge the gap between field operations and back-office management.
Operating in the field service management market, TrueContext provides a suite of tools that include form builders, mobile app communications, submission processing, document generation, scheduled jobs, customer feedback forms, advanced analytics, and a public REST API. These tools are designed to improve the productivity and decision-making capabilities of field technicians, ensuring they can perform their tasks more efficiently and effectively.
TrueContext's business model is based on a Software-as-a-Service (SaaS) approach. This means clients subscribe to the platform and pay a recurring fee to access its features and services. The company generates revenue through these subscription fees, which can vary based on the level of service and the number of users within a client organization.
The platform's reliability is a key selling point, with uptime statistics showing near-perfect performance across various services. This high level of operational reliability ensures that clients can depend on TrueContext to support their critical field service operations without interruption.
In summary, TrueContext offers a robust and reliable field service management platform that enhances the efficiency of field operations for businesses in various industries. By leveraging advanced tools and maintaining high operational standards, the company helps its clients save time and improve productivity.
Keywords: field service management, SaaS, productivity, efficiency, mobile app, analytics, document generation, form builder, uptime, telecommunications.