2020 Revenue

$9.0M

YOY

12.50%

Funding

$0.0

How Skyitgroup hit $9.0M in Revenue with 500 Customers in 2020.

About Skyitgroup

Reatile sell-through data collection, distribution and Insights

Monthly Revenue

$750.0K

+ $83.3K (12.50%)
Total Expenses

$750.0K

=
Net Income

$0.0

Ebidta Margin

0.00%

+
YOY Growth

12.50%

=
Rule of 40

13


How did Latka collect this data?

Podcast Youtube video

Latka collected this data by interviewing Skyitgroup CEO Jay Hakami on 12/02/2020

Watch the podcast


Headquarters

330 7th Avenue New YorkNew York
$Funding$Revenue

Skyitgroup Revenue

In 2020, Skyitgroup revenue run rate hit $9.0M in revenue.

45.00%▲13.00%▲$5.5M$8.0M$9.0M

Skyitgroup Valuation and Funding History

Why are so many SaaS founders taking money from Founderpath.com instead of VC's?
Funding DateRoundAmountTotalValuation

Customers

Skyitgroup has 500 customers.

Lifetime Months

×
Monthly ARPU

$1.3K

=
Lifetime Dollars


Acquisition Cost

$2.5K

Average Annual Price

$16.0K

$0$16.0K2 month payback period024681012

Churn

Skyitgroup has an annual churn rate of 0.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-0.00%

Annual Dollar Expansion

40.00%

Net Revenue Retention

140.00%

Team

Employees

Skyitgroup has 110 employees. They have 12 sales reps that carry a quota, an engineering team of 14 and a marketing team of 2.

201820192020140.00%▲1.00%▲
DistributionQty

Total Team Size

110

Engineers

14 (13%)

Sales

12 (11%)

Marketing

2 (2%)

CEO/Founder

Jay Hakami

Jay Hakami is the Founder, President, and CEO of Sky IT Group an 18-year-old SaaS solutions provider, headquartered in NYC. Mr. Hakami’s 30+ years of successful executive leadership roles have always focused on in depth understanding of business challenges and solving them with deployment of creative and practical IT solutions. Prior to founding Sky IT Group, for a period of 10 years, Mr. Hakami served as Senior VP at large system integrator with overall responsibility of operations, marketing, sales, and services delivery of an ERP and business intelligence solutions to the apparel manufacturing and distribution industries. In 2000 Mr. Hakami has founded Sky IT Group. During the first few years the business focus was around business intelligence and data warehouse projects specifically within the fashion industry. The industry and technology expertise offered by Sky IT Group have helped create one of the most successful industry focused technology company in the US. In 2007, recognizing the need to improve the communication between the brands/suppliers and retailers with timely, accurate product sales performance trends and insights, Mr. Hakami - with the help of data scientists and industry experts – launched the development of a SaaS platforms; SKYPAD for Wholesalers focuses on sell-through data collection, cleansing and insights for suppliers across all their sales channels and SKYPAD for Retailers that provides large multi-vendor retailers with a platform to accurately and securely distribute their sell-through data to their brands/suppliers. SKYPAD is considered today to be the most comprehensive, scalable, and secure SaaS B2B platform for product sales trends and insights for both retailers and their suppliers/brands. SKYPAD collects sell-through data from 170+ retailers globally across 4 continents, servicing 500+ mostly luxury and beauty brands and being utilized daily by 1400+ users to make business decisions based on facts.


CEO Q&A

What's your age?

60

Favorite online tool?

LInkedin

Favorite book?

Dancing with elephants

Favorite CEO?

Larry Ellison

Advice for 20 year old self

Be more aggressive


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Frequently Asked Questions about Skyitgroup

When was Skyitgroup founded?

Skyitgroup was founded in 2008.


Who is the CEO of Skyitgroup?

The CEO of Skyitgroup is Jay Hakami


How many employees does Skyitgroup have?

Skyitgroup has 110 employees.

How much revenue does Skyitgroup generate?

Skyitgroup generates $9.0M in revenue.


How much funding does Skyitgroup have?

Skyitgroup has raised $0.0.


Where is Skyitgroup headquarters?

Skyitgroup is headquartered at 330 7th Avenue New YorkNew York

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