Recent share placement at $0.35 per share has put a dampener again on the upward movements LVT does experience from time to time.
Very volatile movements both up and down. Its need to be comfortable with such movements as a holder.
LiveTiles FY19 Net Loss A$42.8 Million
Definate Long term opportunities:
Karl Redenbach, Co-Founder and Chief Executive Officer of LiveTiles stated:
- “LiveTiles is the only global player and clear market leader in the rapidly emerging intranet software market. Our strong growth trajectory has seen the Company’s annualised recurring revenue grow 10- fold over the last two years. Notwithstanding our recent strong growth, we believe this market to be only 1% penetrated and that customers and partners are only starting to realise the potential of our platform.”
“We are pleased to secure additional growth capital from high quality Australian and US-based institutional investors, providing LiveTiles with additional capital to support our vision of reaching our annualised recurring revenue target of $100 million by 30 June 2021.”