Yep, need to average $8m average increase in ARR per quarter now to get to $100m by June 2021. Even assuming they get to maybe $11s or $12s by the last quarter or two, they need to start hitting $5s, $6s, $7s soon, real soon, with NO further hiccups. Insto investors will be seriously burnt by this and they will be no chance of raising ANY further equity unless they lift their game real quick. Lucky they got that raise away or it could be all over. Walking a tightrope and they just had their first stumble....
Yep, need to average $8m average increase in ARR per quarter now...
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