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Comment by bradly

2 days ago

> 2020 they had $2m+ ARR

You've got an extra "R" in there. In 2020 their only revenue from was non-recurring lifetime software purchases. Like SaaS if you had a 100% churn rate.

Very good point, and I imagine part of the issue here... everything they sell is one-time payment, more of a reason they should have been preparing for the music to stop