Your maths is not correct Dwhale.
-They added $17.1mn in organic growth.
-This is 110% growth in ARR, and 10% ACCELERATION rate for sales success.
-Effectively Means they retained 100% of the prior year acquired ARR.
-Whilst buying and integrating 2 synergetic companies which added a further $12.7m ARR
-Whilst reducing cash burn.
-And despite this share price is -26% lower than this time last year.
I was hugely deflated after the last Qtrly ARR.
I moved my rating from Buy to Hold.
I would have strongly considered selling my holdings if today’s ARR was in line with last quarter.
But it wasn’t.
Organic ARR growth was 82% higher ($5.1mn Dec vs +$2.8m Sep)
We’re back on, baby!
C’mon the Tiles.
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- Ann: Q2 ARR grows to $52.7 million
Ann: Q2 ARR grows to $52.7 million, page-34
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