But how on earth can it be a forward looking metric when revenues are meant to be growing exponentially?
Once again what does average mean in this case? Average over the coming months? If thats the case then doesn't that imply that the recurring revenue figure NOW is lower than the stated average given revenues are rising exponentially?
You can play it safe but to me it doesn't make logical sense.
Petra Capital has initiated coverage of Alexium, page-69
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