I agree those are both positive, and overall my take was that it was a modestly positive update.
However, I think that if there had been any significant Q on Q revenue growth they would have called it out. Given that they didn't, I'd be inclined to assume that the 24% increase in cash receipts is due to the move towards a subscription model (billed annually) rather than any underlying revenue growth.
NTO Price at posting:
$3.58 Sentiment: Hold Disclosure: Held
