Leo Kang from Plum Capital on $ATTO
Yet Another Value Podcast
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Is the Company Returning Capital?
The vast majority of the telephonica revenue is doing expired for another two years. So what happens is, you know, every year with that 20 to 30% growth, you see telephonica go down as a percentage of sales by it's about 5%, just rough, rough number. By the time this expires at the end of 2023, assuming the rest of the company keeps growing, it's down to, let's call it almost 20%. That would suck to lose a 20% customer if you could renew them, especially at higher margins. But by then they're 20%. So you could kind of afford losing them, right? Because the rest of your business is growing,
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