Very confused! Meets it’s targets, has already been heavily sold, yet still declines off the back of this announcement! Not suggesting it should of been a green day, but a drop of 5% seems so odd?
The fact that more of NTO revenue is transitioning to subscription based (now 88% of revenue) also is pleasing. These kinds of businesses once profitable should be able to deliver consistent profits that are easily predictable due to the recurring revenue style.
anyway…. I’m just a very confused holder at the moment! Happy to hear what others think?
NTO Price at posting:
$1.75 Sentiment: Buy Disclosure: Held
