Investor UpdateI’m excited to share the details for Buffer’s progress in May.

If you want to read our update from April, you can take a look here.

I’ll keep it short this month, just wanted to give you an update on our latest progress.

Traction update

New users: 60,000 (Total: 1,537,000, from 1,477,000: +4.1%)
• Daily active users: 40,000 (last month also 40,000)
• Monthly active users: 156,000 (down from 157,000: -0.6%)
• Monthly Recurring Revenue (MRR): $283,000 (Annual: $3,396,000 up from $3,158,000: +7.5%)
• Bookings revenue: $311,000 (Annual: $3,732,000 down from $4,128,000: -9.6%)
• Cash in bank: $653,000 (last month: $585,000)
• Team size: 24 people across 5 continents

We’re happy with the MRR growth and the bank balance growing steadily. We’ve also been working on a few new things to innovate and try to move the needle in bigger ways.

P.S. Want more Buffer news, productivity advice and lifehacking tips? You might enjoy our Buffer: Open Blog newsletter. Receive each new post delivered right to your inbox! Sign up here.

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Written by Joel Gascoigne

Joel is the founder and CEO at Buffer. He is focused on the lean startup approach, user happiness, transparency & company culture. Say hi to him anytime @joelgascoigne.

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