Dirty your a tough man to keep happy. Burnt once twice shy? ARR does not include any previous years rolled to the next year. The companies' annual recurring rev has grown 100% in the last year and the graph shows this clearly. it expects 100% growth again this year and next. I think you are overstating initial costs, but worth looking into further. The question is did the share price run too far? Hard to say, but this co has huge potential which will be exciting to watch unfold over time.
Ann: Quarterly sales update, page-39
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