Ann: Appendix 4C - 167% YoY growth delivers $40.1m ARR, page-6

Quick response;

See the investor presentation thread.

Cash Burn:
Mags forecast $-6.0 million, we (VMK Research) looked for something between $-6.0 million and - 6.5 million with the caveat that forecasting was very difficult due to the Wizdom acquisition.

It came in line at -6.2 million, closer to Mags than us (quiet applause for Mags)

BUT (important but) we were all off in some . The cash burn was the result of higher revenues of $7.9 million (versus $7.2 million in our forecast) and higher expenses $15.3 million (versus $14.5 million in the company forecast)

So they earned $700,000 more revenue than expected and they invested $800,000 more in marketing promotion than forecast. Higher marketing spend (dont forget our cost of acquisition based forecasting) will lead to higher growth in ARR in Sept and Dec quarters

Hitting the cash burn target but with higher revenue and higher marketing spend is a net positive.

FWIW, these forums demonstrate the power of crowd funded research. Time and again the forecasts I am reading here from so called amateur investors are better than the pro broker reports which were all over the place .