Ann: Q1 ARR $42.9m, confirms strong outlook, page-104

VMK/Team - a series of musings and some questions...

-There has been very little news regarding the success of the N3 partnership.
-Additionally, the highest value client leads are moved from N3 to Livetiles senior sales teams directly as we know.
-It would be safe to assume that the N3 pipeline for LVT is not proprietary to N3, and thus known intimately by LVT management.
-Calls to management re reducing costs have been loud from some investors.
-Scaling back N3 relationship would be one of the quickest ways to reduce the expense line as VMK mentioned, and shouldn’t jeopardise the pipeline too materially.

Questions to anyone:
1) Given the fairly frequent disclosures/mkt releases about LVT’s successes, do you think the lack of anything specific about N3 success could point to underwhelming results?
2) Would the company likely disclose a scale back in the relationship if it had happened? Understand that sensitivity both from LVT and N3 might not want anything discussed explicitly.
3) Would they highlight it in the 4c directly (commentary somewhere), or the only way to identify is through the numbers (improvement in cost vs revs). My skill set is not identifying that so would be relying on sharper eyed posters here than myself.

-Point 1 had always nagged at me...
-And if you’ve now got the Rolodex that N3 generated, and enough strong leads to last a few years (or numerous quarters at least) why keep paying when you use your internal teams to close anyway?

Maybe LVT have been more shrewd than we have given them credit for... Or maybe I’m just hoping they have...