I think he knew the 4C would be poorly received due to the out flow. But its obvious that sales are lumpy hence its pointless reading to much into that. ARR will be key to taking out the lumpy and unpredictable revenue issue. If we get a base of ARR that covers expenditure then it becomes easier to value the business with sales being cream. Until then, the gyrations around the 4C will continue. A couple of sales next quarter and the 4C will be a block buster but the actual business will not have changed that much. Having said all that, they are close to achieving that ARR/expenditure balance and that's obviously the focus. I'll suck up this 4c and hope the next has those couple of sales to boost the share price but my focus will remain on the ARR.
M7T Price at posting:
46.0¢ Sentiment: Hold Disclosure: Held
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