EVS envirosuite limited

I would hope given both announcements came from the company...

  1. 106 Posts.
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    I would hope given both announcements came from the company direct they are using the same measuring stick to advise ARR...

    Only factor that might be in play is a combination of foreign exchange rate & the 2% runoff mentioned.
    e.g. even though recent quarter was a good result it was only enough to keep ARR level, with runoff and the relatively high AUD.

    there is very roughly a 10% increase to the AUD between periods for the announcements we are discussing, so if we were circa 43mil in August, we lost very roughly 4.3mil in the exchange rate that we then had to play catch up on, which may explain why we are seeing roughly the same ARR again 2 quarters later.

    Take that with a grain of salt mind you as I'm making assumptions for USD to AUD and we are in 15 countries, but the good news is the exchange rate is forecasted to relax to circa .73cent around the end of this FY but then long range forecasts have it between .76 and .84cents in 2022

    Long range forecasts are hard to get right but may provide a head wind unless our contracts factor this in which is doubtful but it's a promising company and we will get there its just a little frustrating on the surface when we all want those key milestones met to breath a sigh of relief.

 
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