New Zealand's Black Pearl H1 revenue surges, helped by US distribution partnership

Black Pearl

19/10/2026 21:12

Overview
New Zealand AI data intelligence firm's H1 FY27 revenue rose 42% yr/yr to NZ$7.33 mln
Q2 EBITDAF loss narrowed to NZ$2.97 mln; profitability now targeted for Q1 FY28
Company established US distribution partnership with major data provider, expanding pipeline

Outlook
Company now targets EBITDAF profitability in Q1 FY28, replacing prior Q3 FY27 target
Company prioritises converting partnership pipeline to revenue and maintaining lower cost base in H2 FY27
Company negotiating further distribution agreements and will update market as deals close

Result Drivers
COST BASE REDUCTION - Co said quarterly cost base fell 27% on a run-rate basis after consolidating sales, marketing, development and customer functions across ventures
US DISTRIBUTION PARTNERSHIP - Co established first US distribution partnership with major data provider, gaining access to a pipeline of 70+ companies and immediate CAC payback
TECHNOLOGY ADVANTAGE - Co said Pearl Engine widened its lead over leading foundational AI models, which contributed to securing US partnership

Company press release: ID:nNZS9mfa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
NZ$7.33 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the software peer group is "buy"

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)