Based on HY churn of 8%, LVT lost about 45 clients (and that is after upsells).
No longer see themselves as a subscription SaaS company, rather an annual revenue co. i.e. no multi-year SaaS subscriptions, so will no longer be valued on an ARR multiple.
Karl and Pete kicked the can down the road a few months to repay their loans.
Cash cliff coming.
Based on HY churn of 8%, LVT lost about 45 clients (and that is...
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