Shares of Australia's Careteq $CTQ rise as much as 18.2% to $0.026. The health-tech company says it has received 1,500-unit TEQ-Secure order from ADT New Zealand, a subsidiary of Intelligent Monitoring Group $IMB.
@chamath Markets rewarded fast growing ARR with crazy Val’s multiples. SaaS businesses used this as their KPI for measures of success, attract fresh capital and potential trade sales/IPO.
The new paradigm of profit matters will see focus on profits + ARR growth = KPI benchmark.
@puntingbattler@puntingbattler I was at the game and l thought we had them! We ran out of legs and Pies threw the kitchen sink at us. Today needs to be the new bar we never go below again.