Record multi-million dollar deal with US-based Fortune 100 Healthcare company

• LiveTiles signs record deal with a three year multi-million dollar agreement.

• The healthcare company employs over 300,000 employees and signals strong acceleration in digital transformation needs in the healthcare industry.

• The deal includes many of the core LiveTiles products and validates the strong growth in the Employee Experience Platform category that LiveTiles pioneered.

• This is the second record breaking deal for LiveTiles in less than four months.

Disc: I hold

ARR grows to $64.7m and record cash receipts of $13m

• Annualised recurring revenue (ARR) has grown to $64.7m on a Constant Currency basis; a 23% growth over the same quarter from last year and up 200% in 2 years. On a reported currency basis ARR has grown to $58.1m.

• Another record cash receipts quarter of $13m and 25% higher than prior corresponding period (Dec Qtr FY20). Net operating cash outflow (excluding grants and non-recurring items) of $2.7m; a 56% improvement on the corresponding period last year.

• LiveTiles Customer Lifetime Value reaches $403m, a 3x increase over 2 years.

• Cash on hand as at 31 December 2020 of $19.2m

• With increased pipeline growth in recent quarters and the successes of recently won customer deals, the business has strategically invested in expanding its Sales and Customer Success team capacity by 43% to capitalise on these opportunities.

DISC:I have a small holding