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Seeking Thoughts on Recent Reports, page-11

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    lightbulb Created with Sketch. 48
    it doesn’t mean 30 per cent of the actual revenue is deferred
    it means that they have Received cash up front and will recognise that revenue as it falls due . Think of it as a prepayment


    typical with most SaaS businesses

    historical just ignore not relevant rear view mirror stuff don’t get hung up on that or you will misss the story

    salaries a bit high but management are delivering cash burn has come down




 
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