Ann: FY22 Q2 Quarterly Activities Report and Appendix 4C, page-249

Well said.

my calculations show they have grown ARR this quarter by approx. 3.1 million, factoring in 86% trailing 12 month net ARR retention. I’m satisfied that they can still grow while keeping cost down. It’s the churn that I want to see under control. However, there is logic to believe that changing sales strategy and COVID hangover may be the cause. Definitely plausible. If they are gaining larger, stickier clients that are already signing up to a price that’s unlikely to fluctuate then can’t see churn continuing to be a problem long term.