I guess everyone has their preferred way of considering a 'break even' position. I like the old-fashioned comparison of 'expenses vs receipts' rather than 'expenses vs projected receipts based on ACV'. ACV is a helpful indicator, however, it always looks a bit fluffy when compared to cash received: it's a bit like the difference between clouds & rain. Looking at expenses & sales receipts for either FY2018, CY2018 or Q1 FY2019, it appears we're a long way off from a break-even position.
I guess everyone has their preferred way of considering a 'break...
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