you will become accustomed to the posters here whipping themselves into a frenzy over a recurring revenue target of 100m
questions like profitless growth and capital raising are brushed to one side
I've lost count how much money they've raised so far and yet even generating 40m ARR there a long way from break even which sadly suggests the business is just not scalable and has limited leverage
o don't have the answer to your question on how much they will raise but it will not be the last raise that's one thing about history it repeats itself
I haven't even looked at the accounts to see what was prepaid in advance or what was truly recurring but I'm sure VMK research will provide a detailed explanation
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- Ann: Appendix 4C - 167% YoY growth delivers $40.1m ARR
Ann: Appendix 4C - 167% YoY growth delivers $40.1m ARR, page-19
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