Q4 revenues $7.5m …only up 23% on pcp
That (quite dramatic) decline in growth rates I didn’t expect hence my FT forecast was well out
Anyway headline numbers for full year look good and should keep punters excited.
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I will need to read this a few times to fully digest (as always!) but I found this paragraph very interesting in particular:
This customer win means an initial 100 subscription licenses for distribution network design, for three-years, displacing the incumbent competitor who had served this account for more than 20 years.
Revenue Growth rates for last 4 quarters v pcp
Q1 +162%
Q2 +177%
Q3 +88%
Q4 +23%
See why some of us had high expectations and FY revenues >$35m
Never mind ……ljust need to dial back the enthusiasm
Good result. I have a pile of these in "the bottom drawer" with a five to ten year timeframe
Bit of a scrap going on before opening today !!
fairly slow but steady selling in the past couple of months
report was good and one of the key take outs was 14 new customers signed up last quarter vs 4 in Q3.
Outlook commentary looks good. Looking forward to dialing into to the call at 12.30
Probably see Sp slide continue based off this trend aye.
I dont know what FY24 revenue will be. But confident more than FY23. They have less than 10% market share and todays update shows a case of winning a customer that had a seemingly deep relationship with one of IKEs competitors