Solid result. They are in the marketing phrase of their growth so am not too concerned about the spend so long as we continue to see growth in ARR. Reminds me of NEA at a much earlier point of their growth, though I doubt they have the ability to scale like NEA. Expect another cap raise in a few more years, which is ok so long as share price much further north than where it is today.
Ann: Half Yearly Report and Accounts, page-5
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