Reverse Engineering Expectations of the Q2-FY20 Result and Beyond, page-37

DoubleL, in no way was I referring to the 4c (I haven’t checked the dates but presume you are correct); I was talking about the ARR announcement which is always the one that moves the share price. Everyone knows they will make a loss for the quarter and will continue to for at least the next 12 months so the 4c is is fact largely irrelevant, although it does contain additional detail about customer numbers, etc. The usual pattern is the share price spikes on the ARR announcement (most likely due next week) then falls on the 4c when the market realises they’re still not cash flow positive. Unfortunately the only change I can foresee to this is if they announce a poor ARR announcement and fall before the 4c is even released. Don’t get me wrong, I think they will announce a half reasonable ARR figure of $52m plus, the share price will rally to $0.50 or so and then the pattern above will repeat (again). Long term investing is exhausting - this remains a trading stock!