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Annual services revenue is about $10m per the AR. You might want...

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940 Posts.

314

05/11/22

14:50

Post #: 64606303
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Originally posted by grappler68: ↑

Cash receipts are fuelling revenue. LiveTiles is selling subscriptions (pays their software) and services (pays their professional services resources). Subscriptions are invoiced once per year. Services are invoiced monthly on a billable hours basis. If they lose 5M in cash receipts due to clients who terminated their subscription it means they have lost 5M annual revenue. If they lose 5M on the services side it either means their professional services team has left or is not billable anymore. This would result in an annual revenue decline of 20M because it would repeat for the coming quarters unless professional services resources are replaced or become billable again. I guess it’s a mix, hence my estimate of an annual revenue decline between 10M and 20M

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Annual services revenue is about $10m per the AR. You might want to do your sums again.

LVT Price at posting: 6.0¢ Sentiment: None Disclosure: Held
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