NEW RELIC Scored 7.31 – Triton Research Dossier Published

The Triton Research Dossier on New Relic, Inc. has been published.  According to the Dossier, New Relic offers a great product in a nascent market under a SaaS business model.  Customers love New Relic’s product and the company has seen substantial revenue growth (FY12-FY14 CAGR 133%).  The Company also benefits from a product-focused founding CEO and an impressive investor base and board.  However, New Relic’s SaaS business model is suboptimal and the company has experienced rising customer acquisition costs with uneven economies of scale.  New Relic would ideally comp to Tableau (TR Score 7.68), except that Tableau sells to a broader market and receives upfront payment.

Triton Research has published a 54-page report on New Relic containing a bottom-up financial model, product analysis, business model analysis, bull vs. bear case scenarios, comparative analyses, questions for management, historical capitalizations, historical valuations, and more.  For pricing information please contact Kaylan Tildsley at (212) 804-6151.