Crowd’s subscription revenue the last three fiscal years has been:
$38 million
$93 million
$213 million
That’s growth of 144% and 137%, albeit coming off small numbers.
Last quarter alone Subscription Revenue was $98 million, up from $49 million, and that quarterly revenue was 46% of what they took in all last year. It was 91% of total revenue.
Do those figures look like commoditization to anyone? How fast are their competitors’ revenue growing? Or shrinking?
However, while sticking with my position, I’m not adding more. I’ll wait for news. Makes me uncertain when a stock drops like this. I won’t sell, and won’t buy, but I’ll hold the substantial position I have.
Best,
Saul