Scandium Systems Inc Revenue (2024)

Scandium Systems Inc generated an estimated $75.9K in annual revenue in 2024.

Scandium Systems reached between $5,000 and $6,000 in monthly recurring revenue as of August 2023, which the host framed as approximately $60,000 in annualized recurring revenue. Ogunjobi confirmed the MRR range directly, stating the figure was "within 5,000 and 6,000 month on month." The company launched its first product in April 2023, meaning it reached this revenue level in roughly four months.

Scandium Systems had approximately 30 paying customers as of August 2023, with a broader user base of roughly 80 or more people using the platform in some capacity. The average revenue per user was $200 per month, which Ogunjobi confirmed directly when asked what customers pay on average.

The company's first 30 customers were sourced through PremierBN, a paid, invite-only community for African founders and senior operators. PremierBN membership costs $250 per year and the community includes approximately 35 WhatsApp groups. Ogunjobi posted in a group dedicated to idea launches, gathered a waitlist, and then converted members through consultative sales and product demos.

Scandium does not appear to offer a free tier in the traditional sense, though the platform had free users alongside paying customers. Pricing details beyond the $200 per month average were not disclosed in the interview.

Scandium Systems generates revenue through a subscription model, with customers paying an average of $200 per month for access to its no-code test automation platform. With 30 paying customers at that average, the implied monthly recurring revenue is $6,000, consistent with the $5,000 to $6,000 range Ogunjobi confirmed.

The company is bootstrapped and customer-funded, with Ogunjobi stating that "our customers are funding our" operations alongside the founders' personal capital commitment. Profitability was not discussed in the interview. Given that the company employs 12 full-time people on roughly $6,000 per month in revenue, the founders' personal capital is clearly subsidizing payroll, and the business is not yet self-sustaining on revenue alone.

The current product covers web-based test automation. Ogunjobi described plans to expand into API testing, mobile testing, and desktop applications, which would broaden the addressable market and likely support higher pricing tiers. Gross margin, churn, LTV, CAC, and burn rate were not discussed in the interview.

Scandium Systems employed 12 full-time team members as of August 2023. Of those, seven are engineers and five are in business roles. Ogunjobi confirmed the breakdown directly, stating "we have 12 full time guys, about seven engineers, and then five business guys."

The company was founded in January 2023, meaning it built a team of 12 within roughly seven months of inception. Salaries are funded through the co-founders' combined $100,000 personal capital commitment rather than through operating revenue alone.