WTAF....sales opportunitiesARR grew from ~11m at the end of Mar...

WTAF....sales opportunities

ARR grew from ~11m at the end of Mar to around 18.6m at the end of Sept, a change of ~7.5m over 6 months

Not quite the same period, but N3 has been around 6 months and sales opportunities of ~50m which means that less than 15% has been translated into revenues (and arguably you'd think they would target the most likely opportunities first so the low hanging fruit should be gone). If this is actually what they are saying, IMO it's a pretty poor message.

IMO these announcements are pointless and actually leave a poor impression of mgmt...the only thing that matters is cashflow neutral and at this pace, any upside in revenues is being more than absorbed by the cost of N3