CEO Charif El Ansari stated: Operationally we remain focused on improving the experience for our customers and strategically we will continue to balance investment for growth with our guidance of delivering cashflow breakeven in FY22.
Outlook Over the remainder of 2022 the company will focus on:
Continuing to deliver ARR growth via its existing partner ecosystem and strong sales pipeline. Achieving continued operating profitability and positive cash flow. Driving product innovation to maintain our leading position as a backup vendor of choice. Continuing to invest in talent bench‐strength as well as sales and marketing expansion. Exploring high conviction M&A opportunities which leverage existing internal growth and take advantage of strong market tailwinds around data protection.
Reading through one can feel that management is torn between proving the profitability of the business (mostly for us shareholders) and therefore restraining expenses. on the other hand the hunger and opportunity for quick growth and scaling up due to our excellent position, capabilities, and tailwind for the industry as a whole, As management does not want to rush into acquisition the obvious way for organic growth is to spend on the development of new products and broaden our offer as well as expand the marketing budget and hire the best ppl available and grow from the solid foundation we already achieved.
as far as demonstrating profitability I would not worry about it at this stage as we all know profit margins are very high and scale will deliver the real numbers.
