Forward Revenue Value ?

Hi guys,

I am looking at this: https://www.brivo.com/docs/Investor-Presentation…
Page 14 they show "Forward Revenue Value". It's the first time I see this.

What's the informative content of this metric? Not sure what they are trying to tell investors with this. It sounds like they take the ARR of existing (and future?) cohorts adjusted by 5% annual churn and multiply by 15... 

Thanks

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