Recent Updates On Four Technology Stocks: DTS + QFY + TNY+ LVT

Technology is the use of scientific knowledge for practical needs. Technology helps minimising human efforts and at the same time, give better results. In the current scenario, the application of technology can be seen in multiple sectors. To name a few, popular technologies at present are:

  • Artificial Intelligence
  • Cloud Computing
  • Angular and React
  • DevOps
  • Blockchain
  • Internet of Things (IoT)
  • Augmented Reality and Virtual Reality
  • Robotics
  • Mobile Applications
  • Big Data

In this piece of article, let’s look at four stocks, three being from the Information Technology sector and one from the communications sector along with their recent updates and performance.

In the business, technology is used for safeguarding financial data, confidential executive decisions as well as important proprietary data. In banking and financial services, technology helps to facilitate transactions.

On 16th July 2019, by the closure of the market, the S&P/ASX 200 Information Technology (Sector) Index was down by 1.03%. On the other hand, the S&P/ASX 200 Communication Services (Sector) Index also declined by 1.35%, being the weakest performing sector for the day.

Dragontail Systems Limited (ASX: DTS)

The information technology sector company, Dragontail Systems Limited (ASX: DTS) is involved in the optimisation of restaurant businesses. DTS provides a platform for food preparation, delivery, marketing, and management processes.

Recent Update/s:

On 16 July 2019, the company announced that it had secured debt funding from Alceon Liquid Strategies Pty Ltd, a largest Australian-based shareholder of the company and also a member of the Alceon Group and Manager of the Alceon High Conviction Absolute Return Fund. The debt funding facility will be in the form of senior unsecured corporate loan for the amount of $4.3 million for a period of two years. This loan has been drawn down on 16th July 2019 and will assist the company in meeting the working capital requirements to roll out products among its global, Tier 1 customer base. The loan amount will also help the company to look for new opportunities as well.

The loan carries an interest rate of 15% p.a. for the period of one to eight months and 17.5% p.a from nine months to 24 months.

Stock Performance:

For the previous six months, DTS’ stock has generated a negative return of 5.88%. At present (AEST 01:00 PM, 17th July 2019) the stock of DTS is trading at $0.170, up by 3.03%. DTS holds a market cap of ~$39.82 million and ~248.88 million outstanding shares, with around 10,000 shares trading on ASX.

Quantify Technology Holdings Limited (ASX: QFY)

Quantify Technology Holdings Limited (ASX: QFY) is an Australian-based creator and developer of Truly Intelligent Buildings Technology and develops simple-to-install, affordable Internet of Things devices, which can be adopted on a large scale.

Recent Update/s:

On 16th July 2019, Quantify Technology Holdings Limited announced that it will be completing its first two installation projects for FY2019-2020 in southern Sydney luxury homes by July 2019 end. The smart home devices of the company are being installed in luxury homes in the suburbs of Oatley and Kyle Bay. The installation is being undertaken by the Cambridge Electrical Services (“CES”), the company’s Sydney-based electrical contractor partner.

The two projects reflects the company’s first sales since it has entered into an exclusive contract with a well-known retailer in Australia, Harvey Norman Commercial Division (“HNCD”). These projects also signify the extension of the relationship between QFY and CES. Further, the company’s smart home devices will help homeowners to take the advantages of home automation at a fraction of the price of rival products.

Stock Performance:

For the previous six months, OFY’s stock has generated a negative return of 28.57%. At present (AEST 01:15 PM, 17th July 2019) the stock of QFY is trading at $0.005, down by 16.667% as compared to its previous closing price. QFY holds a market cap of ~$5.7 million and ~1.14 billion outstanding shares, with around 4,311,984 shares trading on ASX.

Tinybeans Group Ltd (ASX: TNY)

The communication services sector company, Tinybeans Group Ltd (ASX: TNY) is a provider of mobile and web-based social media platform, which helps parents in recording as well as sharing valuable moments and milestones with friends and family in a secure and private manner.

Recent Update/s:

On 16th July 2019, Tinybeans Group Ltd highlighted record Q4 and FY2019 results.

In the fourth quarter of FY2019, the company’s operating revenues increased by 26% to $1.25 million as compared to the previous corresponding quarter, representing record revenue growth. The company witnessed an increase of 8% in the Monthly Active Users (MAU) as compared to the Q3 FY2019 and its advertising revenues went up by 30% as compared to the last quarter. The premium revenues increased by 12% to $210,000 on Q3. The premium retention was up from 76% in Q3 to 81% in Q4. The company reported a 173% reduction in the cash burn as compared to the previous corresponding period.

The company reported a 120% increase in the 12 month revenues to $3.9 million on pcp, excluding $158,000 taken up as other revenues from US R&D. The monthly active users reached 1.23 million, representing a 31% growth on pcp. The growth in MAU was primarily driven by app updates and the new content platform in Q4. The advertising revenue went up by 169% on pcp, reaching $2.9 million. The premium revenue hit the record in FY2019 and reached $738,000 during the financial year, representing a 33% growth on pcp. The number of registered users went up by 34% to 3.35 million. At the end of 30th June 2019, the company had cash and cash equivalents worth $0.98 million.

Stock Performance:

For the previous six months, TNY’s stock has generated a return of 280.33%. At present (AEST 01:30 PM, 17th July 2019) the stock of TNY is trading at a price of $1.125, down 8.537%. TNY holds a market capitalisation of ~$38.33 million and ~33.05 million outstanding shares, with around 126,157 shares trading on ASX.

LiveTiles Limited (ASX: LVT)

A global software company, LiveTiles Limited (ASX: LVT) is HQed in New York and involved in developing and selling software for businesses throughout Australia and abroad.

Recent Update/s:

On 16th July 2019, the company responded to the ASX query related to the announcement made by LVT on 12th July 2019, wherein the company highlighted its record quarterly results. The company disclosed that it had achieved $40.1 million of annual recurring revenue as at 30th June 2019. Below are the set of responses provided by the company to ASX.

  • In the initial query raised by ASX to LVT, ASX wanted to know if the company consider its information to be such information, which could have a material impact on the price or value of securities. The company responded a YES to this ASX query.
  • Based on its initial query, ASX wanted to know whether the company was aware of this information. LVT replied that the company was aware of this information during the period of review. The company had completed the preparation and assessment of the Annual Recurring Review as at 30th June 2019, in the early evening of 11th July 2019.
  • As per the response of the first and second question related to the company being aware of the information before the relevant date, ASX wanted to understand if the company made any announcement before the relevant date, which revealed the information. In response, the company stated that it had released all the information on time and without any delay prior to 12th July 2019. And the company also shared the date list of the quarterly announcement.

Stock Performance:

For the previous six months, LVT’s stock has generated a return of 56.52%. At present (AEST 01:45 PM, 17th July 2019) the stock of LVT is trading at a price of $0.495, down by 3.883%. LVT holds a market cap of ~$353.08 million and ~653.86 million outstanding shares, with around 1,117,825 shares trading on ASX.


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