share price, page-392

As we get closer to the financial year end and the announcement of year end Annualized Subscription Revenues in July, I thought it might be useful to stand back from the short term arguments and look at longer term expectations.

In May 2018, Citibank initiated coverage of LiveTiles with a 35 page research report written by Ross Barrows, Sam Teeger, Siraj Ahmed and Anshul Verdia recommending it as a buy.

At the time, Citi's forecast for ASR for June 2019 was $27 million. They forecast cash burn per dollar of ASR of -$1.19 for a year ending cash burn of -$32.2 million.
In the same report issued a year ago, Citi forecast June 2020 ASR of $51 million and cash burn per dollar of ASR of - .50 cents.

So taking a longer term view, in July are we going to be ahead of expectations from a year ago or behind?

In a year's time, will be ahead of today's expectations or behind?

9 months ago, Wilson's forecast $64 million of ASR for June 2021 and took a negative stance (when the share price was 35 cents - ooops). Will they be right or will they be forced to upgrade?

Never forget the big picture