In the September Quarterly 4C (31 Oct 2018) the company reported that this quarter was the company’s best yet for Buddy Ohm sales, with more sites being sold into this quarter than in all previous quarters combined.
Around the same time, the company has also reported that churn is remarkably low as compared to other businesses in a similar industry.
However, on 31 Jan 2019, the company reported $569k customer revenues reflecting a decrease of 36% from the prior quarter. Additionally, in the most recent quarterly, customer revenues from Ohm & Cloud were $531K, down once again from first quarter revenues.
My question is: how could Buddy be able to have their best sales yet in the September Quarterly but have revenues which are decreasing from quarter to quarter in a recurring revenue model?
In the September Quarterly 4C (31 Oct 2018) the company reported...
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