Dusting off the macro economics hat....PAT’s suite of products should have somewhat inelastic demand. This should protect PAT from economic downturns. Private clients may tighten their belts on such purchases (unless insurance comes to “require” this technology in ghe medium/long term as it be omes an accepted technology), but public clients worldwide most likely will not be able to be seen to skimp on these purchases, as fundamentally public safety is too hot a political potato to risk being negligent to save money.
Not to say general market meltdowns won’t affect sp, just that it could/should provide some stability to sales and growth regardless of recession.
Anybody have any divergent thoughts on that?