Q: I know this isn’t your favorite stock but what are your thoughts on the latest earnings report and is there anything in there that changes your mind on the company
5i Research Answer:
Sales of $15.9 mln missed revenue expectations slightly but EBITDA of $3.08 mln beat expectations of $2.89 mln. SaaS ARR was up 15% with total ARR up 5% and a net retention ratio of 106%. So some key metrics are moving in the right direction here. We porbably need to see anothe one or two reports like this that show some sustained or even accelerating growth in revenues but it is a step in the right direction here.