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Posted On: 05/20/2020 9:35:53 AM
Post# of 32698
This was at the bottom of yesterday’s PR. It nicely separates the recurring rev’s from total digital. Total digital includes things that are not always recurring like when someone orders a sample. These are GAAP numbers. Rory is making every effort to re-direct investors attention to that which is most important to our valuation, recurring revenue. This clearly indicates the success we are having moving away from non-digital. The reasoning is hammered home when you see that Brian assigns a .5x multiple to non-digital. Now give me Live, App Store with in-app purchasing, integrations, Small Business Product, Japan, and Korea. Oh, and a 15 multiple to boot.
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