Business
Why did the Total Brain (ASX:TTB) share price jump 20% higher today?
The Total Brain Ltd (ASX: TTB) share price shot up 20% this morning, after the company told the market its annual recurring revenue (ARR) has increased 67% since December 2019.
At the time of writing, the Total Brain share price has retreated slightly, trading up 13.5% at 33.5 cents.
What’s moving the Total Brain share price today?
In addition to the ARR increase, Total Brain says the number of potential new clients in its sales funnel has also increased since December 2019, up 58%.
The company attributes this to its launch of the Mental Health Index: U.S. Worker Edition, which generated 10 new clients in the last 5 months.
By comparison, 5 companies were in the pipeline a year ago, which resulted in 2 paying clients for a total…
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