I don't know if it will last but looks like no one is doing proper analysis. I rang an industry contact last night and he explained it like this.
They have announced $3.6m total contract value in the last 6 months on 36 month agreements. That translates to about $16000 (that is $16k) of new business a month by my calculations.
This is hardly setting the world on fire and doesn't take into account customer losses. They only ever talk about new business and not overall growth. If that $16k a month of new business represents 80% growth it just means that last year they were putting on $4000 a month.
Full marks for the PR however. Just be straight and tell us when and how much profit is coming FY20/21. If all of the above is wrong and they get 2-3m organic growth that says I'm wrong and will get deeper on board.
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