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
3 February 2020
LiveTiles approved for Microsoft co-sell into US Government
16 January 2020
Q2 ARR grows to $52.7 million
10 February 2020
LiveTiles partners with Canva to accelerate global growth
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.
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
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:
ASX:LVT was up 17% at time of writing.
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
18 February 2020
Wizdom achieves earn-out following strong ARR growth and positive EBITDA
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.
30 January 2020
Stronger Q2 ARR growth, cash receipts up, underlying opex beat guidance
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.
Us Gov Approval Very Good For LVT ? $ 1.50 Valuation Is Getting Closer ,,,,
huge potentials ai For LiveTiles (LVT) Grate Value At Current Price 30c