RE:RE:RE:Questions About QTRHIn the main this speaks to the backlog and year-to-year renewals I covered in my previous post. Backlog is a metric I've been tracking. Clearly, leadership has an eye on higher margin SaaS revenue as well going forward; they said so in the Q4 call. So 70% recurring and 15% to 20% "near" recurring is a pretty good situation ot be in. Down the road, the challenge will be to replace the long term contracted business that forms the backlog, as those long term projects roll off. That, though, is several years down the road and winning new awards and increasing SaaS revenue should easily replenish the backlog.
There was a very important comment by Myers regarding the EBITDA longer term target, pegging it at 20%. Since the time of the ETC acquisition, the target has been 15%. To get there QTRH will need to improve bidding and cost control and add higher margin business. SaaS fills the latter need.
Despite the silience, I see QTRH as in a good place. With senior leaders putting skin in the game, clearly they see the upside too.
Welcome aboard AlwaysLong.