Yes, your math on contract length is correct. They've sold cumulative subscription TCV of $30m and have ARR of $10m, so 3 years is correct average contract length.
The cannibalization of upfront sales will take a few years to fully wash through the P&L, but if they keep this sales cadence up (or even accelerate further, which appears to be unfolding), what will emerge on the other side will be worth waiting for.
I would like some clarity from management on capital allocation - business is already net cash and they should be generating plenty of free cash flow.
Yes, your math on contract length is correct. They've sold...
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Last
$3.00 |
Change
-0.030(0.99%) |
Mkt cap ! $662.1M | |||
| Open | High | Low | Value | Volume |
| $3.00 | $3.06 | $2.98 | $652.3K | 217.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1404 | $2.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 1650 | 1 |
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| Last trade - 16.10pm 18/06/2025 (20 minute delay) ? |
| RUL (ASX) Chart |