Post by
theinvestor22 on Mar 05, 2021 6:40pm
Recurring Revenue
The company has both product and services revenue, with the latter being more recurring in nature. Recurring revenue is generally preferable to non-recurring revenue.
Over the years, services revenue as a percentage of total revenue has been increasing nicely.
2015 0.5%
2016 13.7%
2017 14.2%
2018 22.8%
2019 26.4%
Now, for the last 9 months, service revenue was 52.3% of total revenue, which looks good, but that's in a covid environment when product revenue was down, so 52.3% isn't really relevant.