Stabilisation of cash costs was a key positive (if proves sustainable) in the March Q update. But lumpy cash receipts, at odds with steady growth in Annual Recurring Revenue (ARR), will ensure near-term focus on cash flow before attention can turn to the upside.
To access the full report please log in under the Client Area at the bottom of this page.
Argonaut’s Client Area allows you to view delayed share prices, access Argonaut’s wealth of Research as well as create custom portfolios and set up company watch lists.
If you would like to access our research please contact us to create an account.