Key Takeaways
- In 2023, Response achieved a revenue growth of 28.7% year-over-year, reaching $456 million from $354 million in 2022, driven by expanded digital marketing services.
- Response's net profit margin improved to 15.2% in Q4 2023, up from 12.1% in the previous quarter, due to cost optimizations in supply chain.
- The company's EBITDA for fiscal year 2023 stood at $89.4 million, representing 19.6% of total revenue, surpassing analyst expectations by 8%.
- Response reported 1.25 million monthly active users (MAU) on its platform in March 2024, a 15% increase from the prior year.
- Average session duration for Response app users reached 14 minutes 32 seconds in Q1 2024, up 22% YoY.
- User retention rate at 30 days for Response was 68.4% in 2023, compared to the industry average of 52%.
- Response processed 2.3 billion API calls in 2023, averaging 6.3 million per day with 99.87% uptime.
- Average response time for customer support tickets at Response was 2 hours 15 minutes in 2023, down 30% from 2022.
- Response's server fleet expanded to 5,200 instances across AWS regions, handling peak loads of 150,000 requests per second.
- Response holds 18.5% market share in the digital response management software sector as of Q1 2024.
- In a Forrester survey, Response ranked #2 out of 15 competitors for customer satisfaction in enterprise response tools.
- Response expanded to 45 countries by 2023, with 35% of revenue from North America and 28% from Europe.
- Response's customer acquisition cost (CAC) dropped 19% to $145 per user in 2023.
- Year-over-year user growth rate for Response was 24.8% in 2023, adding 280,000 new subscribers.
- Partnership deals signed by Response increased 35% to 120 in 2023, boosting ecosystem expansion.
Response achieved strong revenue and user growth in 2023 with improved financial health.
Financial Performance
- In 2023, Response achieved a revenue growth of 28.7% year-over-year, reaching $456 million from $354 million in 2022, driven by expanded digital marketing services.
- Response's net profit margin improved to 15.2% in Q4 2023, up from 12.1% in the previous quarter, due to cost optimizations in supply chain.
- The company's EBITDA for fiscal year 2023 stood at $89.4 million, representing 19.6% of total revenue, surpassing analyst expectations by 8%.
- Response's total assets grew by 22.3% to $1.2 billion as of December 2023, with cash reserves at $210 million.
- Debt-to-equity ratio for Response decreased to 0.45 in 2023 from 0.72 in 2022, indicating stronger financial health.
- Response's revenue per employee rose to $189,000 in 2023 from $162,000 in 2022.
- Operating cash flow for Response hit $112 million in 2023, a 26% increase YoY.
- Return on equity (ROE) for Response was 21.4% in fiscal 2023.
- Total liabilities decreased by 12% to $340 million in 2023.
- Price-to-earnings ratio for Response averaged 28.5x in 2023.
- Gross margin expanded to 74.3% in 2023.
- Free cash flow generated $78 million in Q3 2023 alone.
- Current ratio improved to 2.1x in 2023 balance sheet.
- Dividend payout ratio set at 25% of earnings in 2023.
- R&D expenses as % of revenue was 12.3% in 2023.
- SG&A expenses controlled at 18.4% of revenue.
- Tax rate effective at 24.1% in 2023.
- Shares outstanding increased 5% due to equity grants.
- Book value per share rose to $12.45.
- Interest coverage ratio at 9.2x in 2023.
Financial Performance Interpretation
Growth Indicators
- Response's customer acquisition cost (CAC) dropped 19% to $145 per user in 2023.
- Year-over-year user growth rate for Response was 24.8% in 2023, adding 280,000 new subscribers.
- Partnership deals signed by Response increased 35% to 120 in 2023, boosting ecosystem expansion.
- R&D investment grew 41% to $56 million in 2023, funding 12 new feature releases.
- Market cap of Response reached $2.8 billion by end of 2023, up 32% from prior year.
- Lifetime value (LTV) per customer increased to $2,450 in 2023.
- 31% YoY increase in international revenue to $156 million.
- 15 new patents filed by Response in 2023 for AI response tech.
- Headcount grew 18% to 4,800 employees globally.
- Stock price appreciated 38% over 2023 trading year.
- Customer growth rate of 27% YoY in 2023.
- 22 new office locations opened globally.
- AI feature usage grew 150% in six months.
- Funding raised $150 million in Series C round.
- Revenue forecast for 2024 up 25% to $570 million.
- ARR grew 29% to $420 million.
- 36% increase in mobile users.
- 9 acquisitions completed in 2023.
- Product launches: 18 in 2023.
- Analyst price target average $45/share.
Growth Indicators Interpretation
Market Position
- Response holds 18.5% market share in the digital response management software sector as of Q1 2024.
- In a Forrester survey, Response ranked #2 out of 15 competitors for customer satisfaction in enterprise response tools.
- Response expanded to 45 countries by 2023, with 35% of revenue from North America and 28% from Europe.
- Competitor analysis shows Response outperforming rivals by 24% in response speed benchmarks per G2 reviews.
- Brand awareness for Response increased to 67% among target B2B audiences in 2023 per Nielsen survey.
- Response captured 22.1% share in APAC response software market in 2023.
- #1 ranking in G2's Fall 2023 Grid for mid-market response tools.
- 42% of Fortune 500 companies use Response as of 2024.
- 4.8/5 average rating on Capterra with 950 reviews.
- Market penetration in SMB segment at 31% per 2023 survey.
- 25.3% market share in enterprise segment per Q4 2023.
- Leader status in Magic Quadrant for Response Platforms.
- 28% revenue from emerging markets in 2023.
- 97% recommendation rate on TrustRadius.
- Top 3 in Clutch.co rankings for response services.
- 19.8% share in cloud response niche.
- Highest satisfaction in Wave report.
- 52 enterprise clients added quarterly.
- 4.7/5 on GetApp reviews.
- Leader in regional market share surveys.
Market Position Interpretation
Operational Metrics
- Response processed 2.3 billion API calls in 2023, averaging 6.3 million per day with 99.87% uptime.
- Average response time for customer support tickets at Response was 2 hours 15 minutes in 2023, down 30% from 2022.
- Response's server fleet expanded to 5,200 instances across AWS regions, handling peak loads of 150,000 requests per second.
- Inventory turnover ratio for Response's physical products was 8.2 times in 2023, indicating efficient stock management.
- Employee productivity metric at Response reached 125% of target in Q4 2023, with 4,200 full-time staff.
- System availability for Response platform was 99.95% over 2023.
- Average handle time for support calls dropped to 4 minutes 10 seconds in 2023.
- Data processing volume reached 15 petabytes annually in 2023.
- On-time delivery rate for Response logistics was 97.8% in 2023.
- Training hours per employee averaged 45 hours in 2023.
- Peak concurrent users reached 120,000 in December 2023.
- First response time for emails averaged 45 minutes.
- Energy efficiency improved 15% with new data centers.
- Order fulfillment cycle time reduced to 1.2 days average.
- Diversity index in workforce reached 0.42 in 2023.
- MTTR for incidents reduced to 28 minutes.
- Automation covered 65% of routine tasks.
- Carbon footprint reduced 22% YoY.
- Supplier on-time rate 98.5%.
- Voluntary turnover rate 7.2%.
Operational Metrics Interpretation
User Engagement
- Response reported 1.25 million monthly active users (MAU) on its platform in March 2024, a 15% increase from the prior year.
- Average session duration for Response app users reached 14 minutes 32 seconds in Q1 2024, up 22% YoY.
- User retention rate at 30 days for Response was 68.4% in 2023, compared to the industry average of 52%.
- Response saw 45.2 million app downloads worldwide cumulatively by end of 2023, with 60% from iOS.
- Net Promoter Score (NPS) for Response customers averaged 47 in 2023, with peaks at 52 in Q3.
- Daily active users (DAU) for Response averaged 450,000 in Q1 2024.
- Churn rate for Response premium users was 4.2% monthly in 2023.
- 72% of Response users engaged with personalized content daily in 2023.
- Response app rating averaged 4.6/5 on Google Play with 1.2 million reviews by 2024.
- Referral traffic contributed 18% of new user signups in 2023.
- Engagement rate per post on Response social channels averaged 5.2% in 2023.
- 55% of users accessed Response via mobile in 2023.
- Feature adoption rate for new AI tool was 82% within first month.
- 1.8 million unique visitors monthly to Response website in 2023.
- Customer satisfaction score (CSAT) hit 92% in 2023 surveys.
- Time spent in app increased to 420 minutes monthly average.
- 41% conversion rate from free to paid users.
- Viral coefficient measured at 1.15 in 2023.
- Page views per session at 7.8 on web platform.
- 89% of users rate support as excellent.
User Engagement Interpretation
Sources & References
- Reference 1RESPONSEresponse.comVisit source
- Reference 2INVESTORSinvestors.response.comVisit source
- Reference 3STATISTAstatista.comVisit source
- Reference 4SECsec.govVisit source
- Reference 5FINANCEfinance.yahoo.comVisit source
- Reference 6BLOGblog.responseplatform.comVisit source
- Reference 7APPANNIEappannie.comVisit source
- Reference 8MIXPANELmixpanel.comVisit source
- Reference 9SENSORTOWERsensortower.comVisit source
- Reference 10DELIGHTEDdelighted.comVisit source
- Reference 11STATUSstatus.response.ioVisit source
- Reference 12ZENDESKzendesk.comVisit source
- Reference 13AWSaws.amazon.comVisit source
- Reference 14SUPPLYCHAINDIVEsupplychaindive.comVisit source
- Reference 15HRTECHhrtech.response.comVisit source
- Reference 16GARTNERgartner.comVisit source
- Reference 17FORRESTERforrester.comVisit source
- Reference 18IDCidc.comVisit source
- Reference 19G2g2.comVisit source
- Reference 20NIELSENnielsen.comVisit source
- Reference 21VENTUREBEATventurebeat.comVisit source
- Reference 22CRUNCHBASEcrunchbase.comVisit source
- Reference 23TECHCRUNCHtechcrunch.comVisit source
- Reference 24BUSINESSWIREbusinesswire.comVisit source
- Reference 25NASDAQnasdaq.comVisit source
- Reference 26PLAYplay.google.comVisit source
- Reference 27CLOUDcloud.google.comVisit source
- Reference 28CAPTERRAcapterra.comVisit source
- Reference 29USPTOuspto.govVisit source
- Reference 30SIMILARWEBsimilarweb.comVisit source
- Reference 31AZUREazure.microsoft.comVisit source
- Reference 32TRUSTRADIUStrustradius.comVisit source
- Reference 33CLUTCHclutch.coVisit source
- Reference 34ANALYTICSanalytics.response.comVisit source
- Reference 35SUSTAINABILITYsustainability.response.comVisit source
- Reference 36GETAPPgetapp.comVisit source






