2 IT Stocks In Small-Cap Space – AD8, LVH

2 IT Stocks In Small-Cap Space – AD8, LVH

Information Technology is one of the sectors, which has the ability to continuously evolve through the times to offer a smart and innovative solution to the enterprise. Two such companies are Audinate Group Limited and LiveHire Limited.

Audinate Group recently announced a change in its director’s interest and LiveHire announced about the completion of its issue placement. Let’s see how these two companies performed as per their financial results, and their expectations to achieve sustainable growth for its customers and shareholders.

Audinate Group Limited

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Audinate Group Limited (ASX: AD8) provides professional digital audio networking technologies globally. Its Dante platform is designed to bring the benefits of IT networking to the AV industry. This enables the interoperability between end users and audio devices to have a high quality and flexible digital solutions at a low cost.

It recently announced a change in its director’s interest, where Lee Ellison acquired 105,599 performance rights, taking the final holdings to 2,368,410 performance rights, 820 fully paid ordinary shares in direct capacity, and 320,000 unlisted options in indirect capacity.

In another update, the voting power of the company’s substantial holder, AustralianSuper Pty Ltd changed from 8.37% voting power to 7.2% voting power. In the quarterly rebalance announcement of S&P/ASX indices, the company was added into “All Ordinaries” index of S&P ASX effective from March 18, 2019.

In its half-yearly results, the company reported an increase in its revenue by 60% to $14.2 million in H1 FY19 from $8.8 million in H1 FY18. This was driven by a 59% increase in shipment of Dante units such as cards, chips, software, adapters, and modules. Despite an increase in total expenses by 34% to $8.7 million, the company’s EBITDA grew by 1855.8% and amounted to $1.7 million in H1 FY19 as compared the prior corresponding period. This was due to a strong revenue growth combined with the operating leverage in the cost base flowing through. Its profit before tax increased to $0.7 million in H1 FY19 from a loss of $0.5 million in H1 FY18. The group’s operating cash flow stood at $0.6 million.

The company in order to achieve sustainable growth focuses on broadening its Dante product suite to accelerate penetration within OEMs. It will commercially launch Dante AV module in the middle of CY19.

On the stock information, at market close on 5th April 2019, the stock of Audinate Group was trading at $5.960, up 2.05%, with a market capitalisation of $357.59 million.


LiveHire Limited

Smart recruitment solution provider, LiveHire Limited (ASX: LVH) provides smarter, efficient and cheaper talent pool solutions to the enterprise worldwide.

The company recently announced the completion of issuance and allotment of 25,000,000 fully paid ordinary shares at $0.60 per share to raise $15 million. Additionally, the company issued 600,000 performance rights convertibles into the same number of shares under the employee incentive plan as well as 121,655 performance rights in place of part-fee, and as short-term incentive arrangement to a senior manager.

In recent update, LiveHire published the release of High-Volume Hiring product on the talent community platform. This functionality is being used by its clients, such as Vodafone and Super Retail Group. The platform is expected to help the company in expanding its market globally.

In its half-yearly results, the group reported an increase in its revenue by 41% to $1,187,645 in H1 FY19 from $844,901 in H1 FY18. This was driven by an increase in annualised recurring revenue by 77% pcp to $2.05 million in H1 FY19. Its talent community connections grew by 48% pcp to 797,483 in H1 FY19. Its loss from ordinary activities after tax attributable to members increased by 15% to $5,717,812 in H1 FY19 from $4,971,506 in H1 FY18.

It has signed 18 new agreements with channel partners, such as Xero, Calibre Group, Komatsu Australia, Nissan Australia, iSelect, and Amp Control to enhance its direct sales.

On stock information, at market close on 5th April 2019, the stock of LVH was trading at $0.53, with a market capitalisation of $157.2 million.


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