I’m a bit surprised that there hasn’t been more focus on the announcement regarding Novartis using Wizdom (obviously owned by LVT). Apparently LiveTiles charges $1.20 per user per month (source: Moelis’ initiation report from last year, this figure could be higher by now) so I’m assuming it’s similar for Wizdom. Novartis has 140,000 employees which equals annual revenue, ie an increase in ARR of over $2m!!! Pretty self-evident why I think they will easily clear ARR of $40m at the next announcement in early July ($34.5m last quarter) and this also demonstrates how quickly their ARR could increase if they keep landing big companies as customers. $10 long term price target firmly retained and I need to keep buying more!!
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