EVS 0.00% 5.6¢ envirosuite limited

Ann: Quarterly sales update, page-38

  1. 175 Posts.
    lightbulb Created with Sketch. 19
    I'm interested in this stock but I'm a bit confused about this "ARR" metric.
    I generally read ARR as "Annual Recurring Revenue". Money that, assuming no client attrition, will come in year after year. But they seem to use "ARR" to indicate "Annual Run Rate", which I understand is simply an extrapolation of all current year revenue growth to future years.
    Don't quite a few of their (currently all too infrequent and irregular for my liking) contract wins comprise a significant yet inconsistent component of one-off setup costs (i.e. non-recurring revenue)? If so, then it seems to me that Annual Run Rate is a dangerous and possibly misleading metric for a company of this size and with such irregular contract wins/values.
    Also, I get very wary when I see graphs like the one in the first page of this announcement, where the y-axis conveniently starts at a value other than zero, which makes the growth curve look artificially impressive at first glance.
    Thoughts?
 
watchlist Created with Sketch. Add EVS (ASX) to my watchlist
(20min delay)
Last
5.6¢
Change
0.000(0.00%)
Mkt cap ! $71.02M
Open High Low Value Volume
5.5¢ 5.6¢ 5.5¢ $16.06K 291.0K

Buyers (Bids)

No. Vol. Price($)
2 1200000 5.4¢
 

Sellers (Offers)

Price($) Vol. No.
5.7¢ 439354 1
View Market Depth
Last trade - 15.21pm 03/07/2024 (20 minute delay) ?
EVS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.