Insights

Why the LiveTiles (ASX:LVT) share price is avoiding the market selloff

The LiveTiles Ltd (ASX:LVT) share price is avoiding the market selloff and trading flat on Thursday. Here’s why…
The post Why the LiveTiles (ASX:LVT) share price is avoiding the market selloff appeared first on The Motley Fool Australia. –

A businessman holds his glasses in concern, indicating uncertainly in the ASX share price

The LiveTiles Ltd (ASX: LVT) share price has avoided the market selloff and is trading flat this morning.

At the time of writing, the workplace software provider’s shares are fetching 21 cents.

Why is the LiveTiles share price avoiding the sell off?

LiveTiles appears to have escaped the market selloff today after investors responded relatively positively to its second quarter update.

According to the release, as of the end of December, LiveTiles’ annualised recurring revenue (ARR) had increased 10.2% year on year to $58.1 million. 

This growth would have been stronger had it not been for the foreign exchange headwinds. In constant currency, LiveTiles’ ARR would have grown 23% year on year to $64.7 million.

Management advised that this was driven by a small rise in customer numbers to 1,132 and an increase in average ARR per customer. The latter is now $57,245 per customer in constant currency, up 12% from this time last year. On a reported basis, the average ARR stood at $51,329.

Based on this, the company notes that its Customer Lifetime Value metric has reached $403 million.

Also growing nicely were its cash receipts. LiveTiles reported record quarterly cash receipts of $13 million. This was up 25% on the prior corresponding period and limited its net operating cash outflow to $2.7 million. The latter is a 56% improvement on the corresponding period last year.

Management commentary

LiveTiles Co-Founder and Chief Executive Officer, Karl Redenbach, commented: “We are pleased again with our overall Q2 results, achieving for the first time $13m in cash receipts in a single quarter. Our annualised recurring revenue (ARR) continues to grow every quarter and has now risen to $64.7m, a 200% increase over the last 2 years.”

Looking ahead, Mr Redenbach appears positive on the company’s growth prospects.

He explained: “Our sales pipeline continues to show accelerated growth from both direct and partner sales channels, with a large portion of the pipeline growth generated from our recently launched new product suites such as LiveTiles Reach, as companies around the world look to implement COVID-19 re-opening strategies by embracing digital workplace solutions.”

 “We’re confident LiveTiles products will continue to gain traction and our growth will continue to accelerate with it,” he concluded.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of June 30th

More reading

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of LIVETILES FPO. The Motley Fool Australia has recommended LIVETILES FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Why the LiveTiles (ASX:LVT) share price is avoiding the market selloff appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!