I track the rolling 4 quarters, to hopefully offset the seasonality. So I'll in effect be comparing the upcoming quarterly to the PCP. Including the rolling 4 periods cashflow, which will hopefully be moving closer to break even.
But since it's a seasonal low for receipts, most interesting should be any continued growth in schools/students/booked-revenue.
My numbers showed schools increasing from 350 to 360 QoQ (until last quarter). I don't know anything since then. The +10 rate was lower than the historical rate, but historically, I think it had included acquisitions.
Quarterly, page-13
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