It's good news29 Apr 2015 17:54
I personally feel positive about yesterday's announcement. I don't know how the recent institutional funding conversations progressed, but it's not unimaginable that a condition was that SNTY get control of costs as a priority - that's a good thing, and maybe they're now getting more advice.
It's slightly less exciting to not see quarterly KPIs, but the frequency of updates makes no difference to the value of the business. It may create less certainty about the trajectory, but in my opinion all KPIs continue to move in the right direction.
I work in a similar sized cloud communications (SaaS) company, and it's a trend in the software industry that companies have weak Q1s following a Q4 squeeze, with this in mind the quarter on quarter slow in ARR growth is not concerning. The RRPU is very interesting and suggests there is a lot of addressable revenue within the current base as users and customers extend use-cases and identify new opportunities to leverage the technology - this is what happens in SaaS.
Any buyers at this point at surely buying at the bottom.