Updates on Quarterly Results of 7 Diverse Stocks: LVT, ISX, XPE, HCT, OPN, Z1P and RBL

Financial results of a company help in identifying how well the company performed during a particular time frame. Companies release their financial results quarterly, half-yearly and annually. In this article, we will look at seven stocks that have recently released their quarterly results.

LiveTiles Limited

LiveTiles Limited (ASX: LVT), a global software company that enables the users to create their own intelligent workplace experiences, released its quarterly activities report for the period ended 30 June 2019 on 30 July 2019. The annualised recurring revenue of the company, as at 30 June 2019, stood at $ 40.1 million, representing an increase of 167% from the same period a year ago. The number of paying customers was 919 as at 30 June 2019, demonstrating a continuous growth in the enterprise customer base.

The company’s cash receipts increased by 52% quarter-on-quarter and 130% year-on-year to $ 7.9 million in the June 2019 quarter. LVT noted a significant improvement in net operating cash outflow during the last four quarters. In the June 2019 quarter, its net operating cash outflow was $ 6.2 million. By the end of the June 2019 quarter, LVT had cash and cash equivalents worth $ 14.81 million. The company’s net cash outflow for the next quarter is estimated to be $ 15.93 million.

The company expects growing brand as well as product awareness along with the conversion of a strong sales pipeline to help it in delivering continued strong customer as well as revenue growth in FY2020 and beyond. LiveTiles Limited aims to organically grow its annualised recurring revenue to a minimum of $ 100 million by the end of 30 June 2021.

New Partnership: Recently, LVT reached a strategic partnership with UiPath, a leading global entity engaged in robotic process automation. As part of the collaboration, the two companies would investigate the potential for the development of unique intellectual property. Moreover, they will use cases for utilising each other’s platforms’ strengths for developing more compelling solutions as well as offers. The partners would focus on using artificial intelligence to enable customers in determining the processes requiring automation. They would also be providing process insights and analytics and implementing the use of conversational user interface technology like Bots in order to drive improved productivity through natural language processing. Additionally, the partnership would expand commercial opportunities for the companies.

Stock Information: LVT stock is trading at $ 0.495 on 31 July 2019 (AEST 11:57 AM). LiveTiles Limited has a market cap of $ 333.47 million and ~ 653.86 million outstanding shares. It has given a return of 39.73% in the past six months.

iSignthis Limited

iSignthis Limited (ASX: ISX), a leading eMoney, payments and identity technology company, released its financial results for Q2 2019 on 30 July 2019. The June 2019 quarterly revenue of the company increased by 240% to $ 6.3 million as compared to its previous quarter, while the total revenue in the first half of 2019 was $ 8.173 million. During the second quarter of the year, its cash receipts increased to $ 6.01 million from $ 1.4 million in Q1 2019, representing an increase of 329%. The operating cash flow during the June quarter was $ 1.357 million, while cash at bank stood at $ 9.99 million by the end of Q219.

ISX’s annualised gross processed transaction volume (GPTV) by 19 July 2019 via ISXPay stood at $ 690 million, an increase of 81% from the previous quarter GPTV of $ 380 million. The average MSF% (Merchant Services Fee) was more than 125 bps.

iSignthis Group Guidance:

  • Card Processing/Acquiring: GPTV is anticipated to at least recur on an annual basis per merchant and grow with new merchants.
  • eMoney accounts (EMA): The average GP margin is expected to be 100 bps.
  • Other Revenue Sources: Other streams of revenue would include Paydentity, Probanx, BBS, transaction fees, set up fees, transfer fees, spot FX fees as well as interest earned from operational banking activities.
  • Cost Base: The revised cost base is above 25% to circa $ 11 million per annum.
  • The EBITDA target for 2019 is expected to be ~$ 10.7 million.

Stock Information: ISX stock is trading at $ 0.787 on 31 July 2019 (AEST 12:26 PM). iSignthis has a market cap of $ 871.2 million and ~ 1.09 billion outstanding shares. It has given a return of 382.76% in the past six months.

Xped Limited

Xped Limited (ASX: XPE), engaged in the Internet of Things technology business, released its quarterly results for the period ended 30 June 2019 on 30 July 2019.

The company reported a net cash outflow for operating activities of $ 0.258 million, including payments for research & development, products manufacturing & operating costs, advertising & marketing, staff costs, and administration & corporate costs. Cash receipts from customers during the quarter were $ 698,000.

Cash and cash equivalents at the end of the reported quarter stood at $ 1.526 million. Estimated cash outflows for the next quarter ending September 2019 are $ 1.182 million.

Stock Information: XPE stock is trading at $ 0.001 on 31 July 2019 (AEST 12:42 PM). Xped Limited has a market cap of $ 1.51 million and ~ 1.51 billion outstanding shares. It has given a negative return of 60% in the past six months.

Holista Colltech Limited

On 30 July 2019, Holista Colltech Limited (ASX: HCT), a research-driven biotech company, updated the market regarding its performance during the quarter ended 30 June 2019. The subsidiary companies of Holista CollTech reported strong sales in their local health products. Moreover, demand for high margin collagen products is growing. As a result, there is a decline in demand from these subsidiary companies with respect to financial support.

During the reported quarter, the company’s net cash from operating activities stood at $ 288,000. Its cash receipts from customers reached $ 2.16 million, while net cash used in investing activities was $ 27,000 in the June quarter. HCT’s cash and cash equivalents at end-June stood at $ 331,000. The company estimates next quarter cash outflows to be $ 1.97 million.

Source: Company’s Report

In the upcoming quarter, the company anticipates its sales collection to be ~ $ 1,655,000. There was a slight fall in the supplement business of the company in Malaysia due to a stock-out situation for two of the products in the June quarter. Apart from this, there was also a delay in a product launch. At present, the supply has returned to normal position and is expected to start picking up during the quarter ending September 2019. In the June quarter, the company was successful in lowering its corporate overheads as a proportion of sales and negotiating better favourable terms with its suppliers. The company also delivered its first container of low Glycaemic index noodles from US subsidiary to multiple Chinese parties. It is expected that the delivery might increase in August 2019 and 2020.

Stock Information: HCT stock is trading at $ 0.078 on 31 July 2019 (AEST 01:08 PM). Holista Colltech has a market cap of $ 14.98 million and ~ 234.04 million outstanding shares. It has given a return of 16.36% in the past six months.

OpenDNA Limited

OpenDNA Limited (ASX: OPN), an artificial intelligence and e-commerce marketing company, has also announced its quarterly results for the period ended 30 June 2019.

The company reported more than 300% growth in cash receipts to $ 763,000, the third consecutive quarter of strong growth in cash receipts. Its RooLife e-Commerce platform went live in countries like China and Australia, while a dedicated distributor was appointed for the sale and distribution of its artificial intelligence and machine learning technology in China, during the reported quarter.

The company has set its foot in China, driven by high demand for vitamins, minerals, supplements, skincare and health products. The annual revenue for this market segment was estimated at around USD 30 billion in 2017 and is forecast to register an annual compound growth of 10% by 2025.

Also, in June 2019, OPN signed an agreement with Petrus Pharmaceutical to sell its renowned and widely distributed products in China. The company also signed a deal to extend the payment processing capability for WeChat and Alipay in Australia. A new e-Commerce Artificial Intelligence Recommendation Engine known as DAISHU, was built as well as delivered during the quarter. DAISHU was integrated with RooLife e-Commerce platform, which would help in improving RooLife sales by providing the most apt recommendations to online shoppers. It would also deliver valuable insights for the clients based on preference and behaviour.

Cash and cash equivalents available with OPN by the end of 30 June 2019 is $ 2.093 million. For the next quarter ending September 2019, the company estimated its cash outflows to be $ 1.56 million.

Stock Information: OPN stock is trading at $ 0.043 on 31 July 2019 (AEST 01:22 PM). OpenDNA has a market cap of $ 10.85 million and ~ 258.26 million outstanding shares. It has given a return of 5.00% in the past six months.

Zip Co Limited

Zip Co Limited (ASX: Z1P), a point-of-sale credit and digital payment services provider, has released its quarterly (Q4) results for the period ended 30 June 2019. All the financial targets set by the company during the beginning of FY2019 exceeded by the fiscal year.

On 30 July 2019, the company updated the market regarding a mandate to National Australia Bank (ASX: NAB) to organise a series of ABS investor meetings for establishing Zip Master Trust Programme, which was confirmed with an indicative term sheet (ITS) issued on 29 July 2019. Under the ITS, expressions of interest for a $ 400 million debt funding was sought. The funding is planned for refinancing the funding of existing receivables within the portfolio of Z1P. Following the completion of the transaction, its total facilities that are available to fund receivables would go up by $ 200 million to $ 931.5 million.

Perpetual Corporate Trust Limited is likely to get appointed as the Trustee of the Zip Master Trust at the completion of the transaction, which is expected in the next eight weeks.

Stock Information: Z1P stock is trading at $ 3.300 on 31 July 2019 (AEST 01:30 PM). Zip Co Limited has a market cap of $ 1.19 billion and ~ 352.14 million outstanding shares. It has given a return of 197.80% in the past six months.

Redbubble Limited

On 30 July 2019, Redbubble Limited (ASX: RBL), a creative online marketplace for print on demand products, provided an update on Q4 FY2019 and the full year ended 30 June 2019 for Redbubble Group. The Marketplace revenue of the group went up by 41% to $ 257 million during FY2019 as compared to its previous corresponding period (pcp), backed by the accelerating TeePublic business. Its gross profit increased by 48% to $ 95 million during the financial year 2019, while cash operating expenses went up by 25% to $ 64 million. Meanwhile, operating EBITDA profit stood at $ 3.8 million during the year, compared with a loss of $ 3.8 million in FY2018.

Net cash from operating activities for RBL in Q4 FY2019 was $ 2.59 million, while net cash from financing activities was $ 0.101 million. The net cash outflow through investing activities was $ 2.744 million. By the end of Q4 FY2019, cash and cash equivalents stood at $ 29.030 million. The estimated cash outflow in Q1 FY2020 is $ 86.687 million.

Redbubble Group is making progress in the fields of strategic investment that are important to long term marketplace growth as well as profitability. The group’s priorities would include:

  • Growing customer base as well as boosting loyalty via personal “creative adventures” and member experiences.
  • Rolling out as well as selling products that artists want to design for customers, which are also loved by the customers.
  • Building relationships with authentic artists.
  • Maintaining TeePublic’s robust growth and synergy value.

Stock Information: RBL stock is trading at $ 1.390 on 31 July 2019 (AEST 01:44 PM). Redbubble Limited has a market cap of $ 373.99 million and ~ 256.16 million outstanding shares. It has given a return of 47.47% in the past six months.


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