Nitro is a document productivity and signature business taking on the big hitters of Adobe & DocuSign. The company is looking to transition most of its revenue off pay to use into subscription based . Annual Recurring Revenue (ARR) growth was a solid +66% in 1Q of this year showing that the sales pitch is working. NTO screens cheap and we expect positive news flow at the half year result due in around 8 weeks’ time
MM is bullish NTO
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