ASX Announcement 29 July 2020 Positive cashflow and continued ARR growth in Q4
• LiveTiles generated positive quarterly operating cashflow for the first time in Q4FY20 (excluding both non-recurring income and expenses) of $1.2m
• Cash on hand grew by $4.0m during Q4 to $37.8m as at 30 June 2020 • Customer cash receipts of $11.2m, a third consecutive record quarter
• Annualised recurring revenue (ARR) has grown to $58.2m on a constant currency basis, up 45% in the last year and up 288% in 2 years
• Continued mixed operating conditions with lockdowns and economic uncertainty, offset by a continued robust pipeline and refreshed product portfolio. Strong medium & long-term outlook, with COVID playing a global role to accelerate digital workplace software adoption
