@Eloi75I have similar issues trying to reply to some posts; does not give an error message, but just does not post for some reason.
Livetiles do not break out their revenues, but I think you can get hints of what I'm saying by a number of factors:
- LTV has dropped from ~387m at the end of Jun20 to ~310m which seems to suggest smaller short term contracts on a product like Reach as opposed to an enterprise level full livetiles implementation (note that they changed their definition of LTV, but I suspect they did not show restated FY2020 because even on that basis, it would be higher)
- 74% of their clients are mid-market rather than enterprise
- churn is 8% which seems pretty high (I can't find an equivalent number in 2020), and given Reach is relatively new, I would expect that churn to be coming from enterprise clients
- the FY2021 presentation shows where the growth has come from....only 14% growth in non-reach compared to 1211% in reach
- look at where the strategic review is recommending putting resources (65-70% of marketing investment in Reach, and new website and low touch tools being developed, while 27 roles/16% of staff are being let go.....this is dramatic and the biggest sign of where they are focusing their efforts).
I don't think their enterprise software is going anywhere (clearly still generating decent revenue so good product to cross-sell if you onboard a reach customer), but everything I've seen in the last 6 mths from mgmt seems to be about Reach....this is where the traction is and they need to sprint IMO to make up for any potential dropoff in demand for their core software.
Note that I mentioned that I'm a layperson in the software space, so I can't speak to what their UI and software does; perhaps it is much better and is likely to improve productivity etc, but from what I can see as mentioned above, the momentum and focus seems to be on Reach and there must be a reason for that.
(20min delay)