Agree @BkrDzn the similar level of expected PaaS outflows is indicative of a contract/s currently under negotiation of a similar size to the $6.4mil one announced in December.
Contracts of that sort of size are able to increase ARR by $1mil in one go. Opportunities like that can't be passed up.
As for telegraphing the outflow cost for this, I don't see that they had much choice. The 4C puts an obligation on them to do so. My understanding is the finance they are seeking for these PaaS deals is also sought to be inclusive of the December deal. So that $900k spent establishing that deal may become available again as working capital.
IME Price at posting:
2.7¢ Sentiment: Hold Disclosure: Held
