LOGIN
REQUEST WALKTHROUGH
search
times
New call-to-action

Tags

See all

Articles

LVT

Livetiles Ltd Releases Quarterly Update – Share Price Rallies Over 12% At The Open

Max Molinari

Max is an Equity Analyst with ASR Wealth Advisers. He has studied a Bachelor of Business and a Bachelor of Laws at the University of Technology, Sydney. Max currently holds RG146 qualifications.

Livetiles Limited (ASX: LVT) has released its quarterly result to the market today. It was previously announced that annualized recurring revenue (ARR) reached $55.2m as at 31 March.

 

LVT
Livetiles Limited (ASX: LVT) releases quarterly result to the market, with annualized recurring revenue at $55.2m and cash receipts up 109%. (Source: StockHead.com.au).


The business has confirmed that it still aims to be cash flow positive at some point in this calendar year. Cash receipts were up 109% on the prior corresponding period. However, this could be contributed to the fact that last year the business was at a much smaller base. After a record cash receipts in the first quarter, this quarter only grew from $10.4m (31 December) to $10.9m (this quarter).

The highlight of the announcement is in the cost line. Operating expenses of $19.4m were above guidance of $18.6m. However, on a constant currency basis, these costs would be below guidance. LVT further emphases that cash burn will rapidly improve in coming quarters as a result of cost reduction initiatives and ongoing growth.

Investors reacted favourably to the strong result, with the share price rallying over 12% at market open.

 


Disclaimer:


This article has been prepared by the Australian Stock Report Pty Ltd (AFSL: 301 682. ABN: 94 106 863 978)
(“ASR”). ASR is part of Amalgamated Australian Investment Group Limited (AAIG) (ABN: 81 140 208 288 Level 13, 130 Pitt Street, Sydney NSW 2000).
This article is provided for informational purpose only and does not purport to contain all matters relevant to any particular investment or financial instrument. Any market commentary in this communication is not intended to constitute “research” as defined by applicable regulations. Whilst information published on or accessed via this website is believed to be reliable, as far as permitted by law, we make no representations as to its ongoing availability, accuracy or completeness. Any quotes or prices used herein are current at the time of preparation. This document and its contents are proprietary information and products of our firm and may not be reproduced or otherwise disseminated in whole or in part without our written consent unless required to by judicial or administrative proceeding. The ultimate decision to proceed with any transaction rests solely with you. We are not acting as your advisor in relation to any information contained herein. Any projections are estimates only and may not be realised in the future.
ASR has no position in any of the stocks mentioned.

New call-to-action
New call-to-action

Company Articles

Looking for more Stock Recommendations?

Fill in your details to receive our special report: Top 3 Income Stock Recommendations for 2020.