RE:RE:RE:RE:RE:Organic growth vs inorganic growth Thanks TJ for highlighting that detail.
Of course the higher revenue per location may include a degree of "land and expand" cross selling as referenced on Page 4 of the MD&A report. If, on the other hand, it is pure price increase then this in itself could be contributing to higher customer churn.
This detail from the table on Page 5, would seem to indicate that location numbers have fallen back a bit Year On Year.
2020 2021 2022
Locations 5,000+ 5,300+ 5,000+
Either way it doesn't really change the overall viewpoint, real growth and cash generation may be significantly slower than suggested by the topline growth reported.