This presentation highlights how bad things actually are at SPX. Do this math. We are told 94% of revenue last quarter was ARR (I note they no longer use this term but have reverted to recurring revenue). So if $590k was recurring then they spent $3m to generate $100k of new revenue in the June quarter. This is way worse than even I thought. Truely stellar use of shareholders funds.
looking forward to those who are in denial to explain why these numbers are anything but disastrous.
Ann: Investor Presentation, page-3
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