Consensus community valuation
$0.740
Average Intrinsic Value
215.7%
Undervalued by
Active Member Straws
#Q2 2020 update
Added 4 months ago

LiveTiles has reported another quarter of strong growth.

ARR has hit $52.7m, up 22% from the preceeding quarter and 130% over the past year.

Worth noting that close to half of this was acquired growth from the CYCL purchase.

Average copntract value also increased, but so did churn amongst smaller customers.

There was no detail on cash burn, though that will be released prior to the end of January when it posts its next 4C.

In terms of outlook, LiveTiles said only that it "expects to deliver another year of strong customer and revenue growth"

More detail here

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#ASX Announcements
Added 4 months ago

3 February 2020

LiveTiles approved for Microsoft co-sell into US Government

  • LiveTiles receives highly sought after General Services Administration (GSA) approval within the U.S. Government and U.S. Department of Defense
  • GSA   approval   creates   new   commercial   opportunities   and   helps   to   accelerate   existing opportunities for LiveTiles with the U.S. government
  • As  an  approved  GSA  Vendor,  U.S.  governmental  agencies  will  be  able  to  quickly  purchase  LiveTiles technology and bypass a typically lengthy procurement process
  • GSA approval extends on approvals recently received from the Australian and UK Governments to accelerate purchasing processes within government
  • LiveTiles and its partners will immediately pursue joint opportunities with Microsoft across U.S. Government and U.S. Defense, including via the recently announced $14.6B AUD JEDI contract
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#ASX Announcements
Added 4 months ago

16 January 2020

Q2 ARR grows to $52.7 million

  • Annualised recurring revenue 1(ARR) reaches $52.7 million as at 31 December 2019, up from $42.9 million as at 30 September 2019. ARR has grown 130% in the last year and is up 7.6x in 2 years Q2 FY20 saw strong organic ARR growth of $5.1m from 30 September, augmented by acquired growth of $4.7m coming from the acquisition of CYCL, completed in early December
  • CYCL acquisition completed in early December with integration progressing well
  • Organic growth from continued focus on bundled and integrated offerings, which carry a longer sales cycle but higher average contract value and retention rate. Q2 saw  continued growth in average contract value, with this growth achieved despite a higher churn rate among smaller customers and adverse FX translation impacts
  • LiveTiles continues to expect another year of strong customer and revenue growth in FY20
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#ASX Announcements
Added 4 months ago

10 February 2020

LiveTiles partners with Canva to accelerate global growth

  • LiveTiles will integrate Canva into its core platform, providing LiveTiles users the ability to rapidly build graphic design elements within the Intelligent Workplace, without the need for any previous design experience
  • Partnership brings together two fast-growing Australian SaaS companies focussed on empowering people within the workplace
  • Combined active user base is in the tens of millions, providing cross-selling opportunities in the long term, and a footprint which spans the global enterprise, SMBs and K-12 education markets
  • Partnership highlights the strength of LiveTiles’ market position as the number one  platform for enterprises that provides capabilities beyond traditional intranets

 

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#Bull Case
Added 5 months ago

LiveTiles core product is providing low code intranet for enterprises.

This company is currently trading as if it is medium growth for an ASX SaaS company (5x ARR) [~$236m market cap at 27.5 cents], whereas in reality, it is one of the fastest-growing SaaS companies on the ASX (100% CAGR) and is thus deserving of a 10x multiple [i.e. ~$500m market cap on ARR of ~$50m].

The company's base case of $100 million ARR by June 2021 would suggest a stock price of approx $1.00 by June 2021 [$860m market cap @ 8.6x ARR].

The downside case, involving a slower growth rate and a forced sale of the company suggests 23 cents by June 2020 [$200m market cap @4x ARR of $50m].

I have bought in at 24.5 cents on the 27th December 2019.

 

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#Q3 Update: ARR up to $55.2m
Last edited a month ago

Taken directly from the ASX annoucement posted this morning before trading opened. Full Announcement here: https://www.asx.com.au/asxpdf/20200414/pdf/44gxmq94pmxq4x.pdf

  • Annualised recurring revenue1 (ARR) reaches $55.2 million as at 31 March 2020, up from $52.7million as at 31 December 2019. ARR has grown 60% in the last year and is up 4.9x in 2 years
  • LiveTiles is well positioned during the current environment as the global leader in intranetsoftware and its applicability to remote working. LiveTiles is actively supporting over 1,000 recurring subscription customers to support remote employee communications, operating system access, collaboration and document sharing
  • Material cost reductions have been implemented in late March and early April, with the business well placed to operate with this reduced cost base from Q4
  • LiveTiles is well capitalised with over $33m cash on hand as at 31 March. The Company is accelerating its efforts to reach breakeven operating cash flow and is taking tangible steps to reach that point during calendar 2020
  • LiveTiles reconfirms it has no requirement to raise further capital to fund operating cash burn

Further notable information regarding cash burn:

One-off cost impacts, including FX impacts on US and European cost base, will see operating cash burn in the range of ~$9m for Q3, notwithstanding further growth in cash receipts. Material cost reductions have been implemented late in Q3 and early in Q4. Actions implemented and underway include:

  • Consolidation of office locations, with all remaining offices currently unoccupied and all employees successfully switching to remote working;
  • Lower travel and event marketing expenses due to COVID-19;
  • Reduction in external contractors and consultants;
  • Temporary reductions in hours and salaries across the global workforce, including 20% reductions for the Board and all senior leadership. These reductions will be in place for at least six months; and
  • Accelerated integration of CYCL and Wizdom. The Company is reviewing additional options to reduce cash burn, including short-term revenue and cost initiatives. The reduction in cash burn will commence in the June quarter, with the full benefit to be realised during the September quarter.

ASX:LVT was up 17% at time of writing.

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#ASX Announcements
Last edited 4 weeks ago

Research & Development Funding Update

 

LiveTiles Limited (ASX:LVT) (LiveTiles or the Company), the global leader in intranet software and AI & employee engagement products, is pleased to advise that it has today received $5.6m cash in relation to research & development tax refunds from the Australian Tax Office

View Attachment

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#ASX Announcements
Added 3 months ago

18 February 2020

Wizdom achieves earn-out following strong ARR growth and positive EBITDA

  • Wizdom successfully meets earn-out conditions following strong annualised recurring revenue (ARR)growth and positive EBITDA
  • Wizdom’s market-leading intranet software has proven to be highly complementary to LiveTiles’ intelligent workplace platform and is driving strong enterprise customer growth
  • Integration successfully completedwith all key staff retained
  • Like Wizdom, LiveTiles’ first acquisition (Hyperfish) also successfully achieved itsearn-out following rapid ARR growth of 425% in FY19

...

LiveTiles acquired Wizdom, Europe’s leading intranet software business, in February 2019.Wizdom has achieved strong ARR growth of 87%in the 13 month period to 31 January 2020(from $8.0 million to $15.0million), whilst also generating positive EBITDA.

The Wizdom acquisition, together with the CYCL acquisition completed in December 2019, has also extended LiveTiles’ clear global leadership of the rapidly emerging intranet software market, which LiveTiles estimates to be a $13 billion per annum market opportunity.

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#ASX Announcements
Added 4 months ago

30 January 2020

Stronger Q2 ARR growth, cash receipts up, underlying opex beat guidance

  • Annualised recurring revenue(ARR) reaches $52.7million as at 31 December 2019, up from $42.9millionas at 30 September 2019. ARR has grown 130% in the last year and is up 7.6x in 2 years
  • Q2FY20 saw strong ARR growth of $9.8m, comprised of organic ARR growth of $5.1m(Q1 $2.8m), augmented by acquired growth of $4.7m coming from the acquisition of CYCL, completed in early December
  • Strong organic growth was achieved notwithstanding adverse FX translation impacts and higher than typical churn of primarily smaller customers. Average ARR per customer rose to over $51,000
  • Total customer cash receipts rose 162% on the prior corresponding period to $10.4million. Underlying operating expenses were below guidance for $16.2m. Operating cash burn of $6.7m was an improvement on the underlying Q1 cash burn rate(excluding R&D grant income). The Company had cash on hand of $46.6m at 31 December 2019
  • LiveTiles continues to expect another year of strong customer and revenue growth in FY20. LiveTiles continues to pursue its short term target of $100m in ARR and sees significant market and growth potential beyond this level
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#ASX Announcements
Last edited 4 months ago

LiveTiles delieverd a very encouraging market update on the 10th April, revealing a 208% jump in Annualised Recurring Revenue (ARR). In part this was helped by the completed Wizdom acquisition.

Currently, ARR stands at $34.5m and the company reiterated its target of $100m in ARR by the end of FY2021.

Announcement here

 

 

 

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#Bull Case
Added 4 months ago

Us Gov Approval Very Good For LVT  ? $ 1.50 Valuation  Is Getting Closer ,,,, 

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#Bull Case
Last edited 6 months ago

huge potentials ai For LiveTiles (LVT) Grate Value At Current Price 30c 

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