An interesting business model targeting governments and which is launching a new subscription model with several aspects to the business.

ARR - Up 17%

Annual Report: http://www.objective.com/assets/annual-reports/objective-corporation-ocl-annual-report-2018.pdf

Further reading:

Research done by Sam from Totus Capital found on LiveWire: https://www.livewiremarkets.com/wires/buy-hold-sell-5-high-quality-mid-caps

Sam Granger: Yeah, we think Objective Corp in the small-cap of software spaces is buy. It's a very high-quality business for two reasons. Number one, their transitioning from a perpetual licence fee model to a subscription model. And what that does is it means cash runs ahead of profits through that transition. And second, it's got a very defensive and customer base. So they sell to governments, local, state, federal. 98% customer retention, and a very defensive high-quality business.