Churn (3.7%) equates to $2.3m and they added $1.8m arr in Q3. Churn for EVS Industrial was also 7.7% over past 12 months. Far too high against reported growth. EVS Industrial arr growth essentially flat when excluding EVS water figures. Not sure how they can continue to claim a focus on sustainable growth if these are the numbers they're putting out. Disappointing as this company had/has a lot of promise. Think something needs to change here as it's clearly not working out. Expecting a better Q4.
EVS Price at posting:
4.9¢ Sentiment: None Disclosure: Held
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