Ann: Full Year Earnings Upgrade, page-88

As a counterpoint for ppl to consider, I sold my apx after the recent big rise because I'm worried by the fact that each cohort of customers doesn't use the service more each year. Look at the chart on last major presentation of results and you'll see what I mean. So instead of building recurring revenue and having pricing power, they seem to get lumpy revenue that then declines as each customer finishes all the projects that interested them. Now it could well keep finding enough new customers to grow regardless, but it's too risky for me. If you see the chart and agree, smash that Great Analysis button so i can pay my bills.