I'm also confused as to why the sell off.
NTO released an update indicating strong ARR growth (up 51%), strong revenue (up 36%) and a managed pathway to positive EPITA - positive operating cash flow in H2 2023.
The forecast in ARR drop was to assist the EBITA, from my understanding.
Hopefully this picks up once investors see the value.
News: NTO Nitro Software Ltd Sees FY Operating Loss $10Mln-$13 Mln, page-3
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