Forum Topics Positive ARR news
umop3pisdn
2 weeks ago

EVS today released an announcement found here regarding record quarter of $2.1 m in new ARR.

Welcome news for shareholders after disappointing previous results and the retirement of the former CEO.

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Dealsmate
2 weeks ago

Hi umop3pisdn,

I went back and checked the 30 June 2020 update. ARR was $43m at that time. Which means the ARR has declined since then (now at $42.5m), yes there is new ARR but also churn. Overall, the businesses ARR is pretty flat and evidently not growing since 30 June 2020.

Refer to slide 14 of the attached.

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umop3pisdn
2 weeks ago

Churn rate remained the same this financial year as reported in 2020 (slide 12)?

ARR has slipped, as has the share price. Picking up new ARR seems to indicate new CEO is making progress or a recovery from Covid slump; or both?

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