RE: Trading Statement17 Feb 2022 13:45
Totally agree with brewman777, CEO has not impressed, came as a “Growth” person. We get a reduction in revenues of 20%, we get 80% staff turnover, including all the execs and founders, who obviously saw the writing on the wall. Why aren't there any new faces on the Board? The burn rate is over £3M greater than last year. This £3M has been used to achieve this poor performance and worse, is forecasting a lower ARR at year end. It would be nice to know how much of the ARR reduction is within the two non-core businesses, which are up for sale. What is the Chairman doing ?