Yes, that looks like very low ARPU ($10M from 480 customers).
But remember that this software is only related to basic functions (workflow, print costs recovery, billing ques etc). So I don't think they can charge more than $10 - $50K pa for most clients.
Ann: Roadshow Slide Presentattion FY22, page-9
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Mkt cap ! $59.48M | |||
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