Question: Based on the 2023 fact pattern below, what is the Net Revenue Churn and Net Revenue Retention Rate for this subscription-based target company in 2023?

Based on the 2023 fact pattern below, what is the Net Revenue Churn and Net Revenue Retention Rate for this subscription-based target company in 2023?

  • Existing recurring revenue contracts of $92 million as of January 1, 2023
  • Canceled recurring revenue contracts equal to $19.0 million
  • Revenue generated from upselling existing clients equal to $3.0 million
  • Revenue generated from price increases equal to $4.0 million
  • Revenue generated from increased license sales equal to $3.5 million

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