Not really. You can't look at cash flow alone. Besides with liabilities, a raise was certainly coming.
Depreciation is at almost $2M somehow. They're going to need to spend for upkeep of all their legacy software.
The ARR growth is also strange. Overall revenue has stayed flat or fallen. Are they moving existing revenue to 'ARR', so it looks like there is growth when they're just shuffling numbers from one bucket to another.
a lot of questions obviously. Would also like a breakdown of their employment expense, which is far too high.
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