Ann: Q2 ARR grows to $52.7 million, page-34

Your maths is not correct Dwhale.

-They added $17.1mn in organic growth.
-This is 110% growth in ARR, and 10% ACCELERATION rate for sales success.
-Effectively Means they retained 100% of the prior year acquired ARR.
-Whilst buying and integrating 2 synergetic companies which added a further $12.7m ARR
-Whilst reducing cash burn.
-And despite this share price is -26% lower than this time last year.


I was hugely deflated after the last Qtrly ARR.
I moved my rating from Buy to Hold.
I would have strongly considered selling my holdings if today’s ARR was in line with last quarter.

But it wasn’t.
Organic ARR growth was 82% higher ($5.1mn Dec vs +$2.8m Sep)

We’re back on, baby!
C’mon the Tiles.