"These subscription businesses have a revenue profile that is more like an annuity. This revenue profile is not like the manufacturer’s business that many people learned about from a college introduction to accounting class."
One of the fundamental aspects of leadership, I realized more and more, is the ability to instill confidence in others when you yourself are feeling insecure.
Today, the Play Kits represent around three quarters of Lovevery’s business, which the company says is on a $120 million revenue run rate, based on March figures. The company expects subscription revenue to double this year, after growing annual recurring subscription revenue 5x in 2020.