Ann: Appendix 4C - 272% YoY growth delivers $18.6m ARR, page-19

I like the LVT story, but the quarterly is a bit of a shocker. These guys burn cash like nobodies business.

I looked at buying LVT, but just can't bring myself to, whilst their cash burn is so great....

Some basic numbers...

ARR - $18m
Growth - 272% ish
Cash burn - $11m a quarter.
Company value - $220m

Compare this to IME

Total Contract Value - $14.5m
ARR - Over $3M
Growth - ARR 6x over 2 years
Cash Burn - Profitable
Company Value - $34m

Whilst not a straight comparision, I would rather a smaller, profitable, growing company, than one that is burning mass amounts of cash, and looking to having to do another cap raising in the near future.

Don't get me wrong, I like the LVT product (my background is IT), but they seriously need to get their spending under control.