"I think they will announce a half reasonable ARR figure of $52m...

"I think they will announce a half reasonable ARR figure of $52m plus,"

If you look at the various calculations in this thread designed to reverse-engineer the ARR growth based on the valuation, the market is based on quarter;y ARR growth of between $2.9 million and $4.25 million (depending whose calculation you use)...So, lets say an average of $3.6 million.

ARR including CYCL at end September was $47.6 million. So the market valuation is expecting 47.6 + 3.6 = $51.2 million.

Our previous model which works on Cost of Acquisition would previously have forecast growth of $6 million ($53.6 million ARR) but there is no doubt in my mind that LVT is sacrificing growth for transition. I just have no idea how to aim off for that. I am guessing (and it really is a guess) that the number will be somewhere in between the market's valuation expectation (too pessimistic) and our model (too optimistic) so $52 million is probably as good a guess as any.