Yes it was really just payment delays.
The call wasn't especially exciting with the CFO just reading off a script. There was nothing new really added.
There was only one question asked but the information was already included in the 4C.
From looking at a high level it does appear the company has stopped growing.
However I think what is happening is that the lower revenue Reach (70 odd% growth) is doing particularly well and is masking the decline in the higher revenue but less flexible intranet product.
Yes it was really just payment delays. The call wasn't...
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