Shares in LiveTiles were earlier placed into a trading halt at the companies request, as it prepared a statement in regard to media speculation that an overseas buyout fund had approached it in regard to a control transaction.

While the company acknowledged that it does receive approaches from time to time, it was NOT in any current discussions with any parties.

Trade resumed after the announcement was issued, and shares have shot up over 14% (at time of posting) despite the company denying any talks with potential suitors. Go figure!

The article in question appears to be from the AFR (here for those with a subscription). The key part of the article in StreetTalk was:

"Street Talk understands small-cap Livetiles has called in Credit Suisse’s investment bankers as defence advisers, after fielding approaches from some specialist software buyout types offshore.

While interest was said to be early-stage and there was no formal process under way, Livetiles is understood to be keen to explore its options."

Who knows what is really going on, but i wouldnt personally be buying shares on this rumour/speculation alone. 

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

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

Some initial thoughts:

Develops intranets for corporates, which gives an employee "homepage" that integrates all business functions and intel in the one place

Targeting $100m in ARR by end of FY2021. It has been growing very stringly to date, in part driven by acquisitions.

Annual costs of ~$65m at present

$56m in cash as of last quarter, but operating cash burn was $5.2m in the same quarter (Sept 2019).

Appears to have some substantial counterparty risks; Microsoft partnership is the basis of their business.

Has a very large addressable market, and claims to be the market leader