RE:RE:RE:RE:RE:Promises vs ExpectationsLifeboat - Thank you for your kind words. I do mention negative things in the postings I make, but overall my tone is positive because I'm only interested in posting on bulletin boards of companies I think have a bright future. I wouldn't bother posting routinely on the great many companies I'm not interested in. That would be a form of insanity IMHO.
I looked back through my notes and it does seem the company talked about an 85% EBITDA (yes, EBITDA) margin back in 2018. That's before the corporate reset, before the big CMS expansion, etc. So, it seems someone is stuck in the past. That kind of EBITDA margin is just not realistic under the current industry monitoring paradigm, if it ever was realistic in the first place.
An 85% SaaS GM is however IMHO a worthy goal and, if you look at the first 3 quarters of fiscal 2023, they've actually achieved an 85.7% GM on SaaS revenue which still has a lot of room to grow.
So...goal met!