Ann: Q1 Sales Update - Total ARR Exceeds $55m, page-6

I joined the investor presentation. They’re quietly
confident and very happy with the company’s
position and growth prospects. They’re keeping
their focus fairly narrow currently and driving towards
profitability. Sounds like they’ll broaden their focus later
and don’t want to have their feet in unprofitable doors.
They’re debt free and see no requirement to raise any
additional capital. They’re also very happy to have
another Australian water company on board testing the
technology with a view to expand to additional sites.
Slight increase in churn. We’re now at $55 mill in ARR
so it just keeps adding up. WA water board becomes a
big opportunity at some stage as they continue testing
the technology. Yes still a bit of a yawn but steady as
she goes in my opinion. At this rate 4 more quarters and
they’re around break even as a rough guesstimate with no
debt which doesn’t factor in growth at a faster rate than
what most of us now expect. This isn’t going to be a stock
for the impatient by the looks of things, regardless I’m happy
with my long term investment in this company that may turn
out to be an absolute gem as time passes by