Cash collection is seasonal. So some quarters are larger than...

Cash collection is seasonal. So some quarters are larger than others. Generally weighted towards the December quarter. Last Q3's cash receipts figure was also inflated due to swings in FX rates. So it may have actually dipped compared to the preceding Q2, but it wasn't visible due to the FX rates masking the difference.

There's also a lag between ARR recognition and cash receipts. As deals get larger, the payment periods can also stretch out.

A lot of companies don't even make their payments on time due to various issues with invoice management.

Basically there's a lot of reasons why cash receipts could dip quarter over quarter. If LVT were only collecting payments on a recurring monthly basis, these issues would be smoothed out. But unfortunately that's just the nature of large enterprise sales.