Well done to anyone who bought near todays lows. Certainly the exposure of BIG and GSW have created uncertainty for investors.
A solid half yearly report and what stood out for me was the continued commitment by existing customers, low attrition rate as it seems their customers are happy with their product.
There will always be deferred revenue with an annuity business when licenses are paid for in advance. It should give investors confidence that BigTinCans multiyear deals are real.
Gross margins are very impressive at 85%, revenue is being reinvested to scale. A continued strong hold.
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