2 Small-Cap IT Stocks – LVT, SKO

  • Jun 02, 2019 AEST
  • Team Kalkine
2 Small-Cap IT Stocks – LVT, SKO

Let's have a look at two of the IT stocks; LVT and SKO.

  1. LiveTiles Limited (ASX: LVT) is an ASX listed global software company with operations in Chicago, San Francisco, Melbourne, London etc. The company offers intelligent workplace software for the government, businesses and education markets with products comprising of LiveTiles Intelligent Workplace, LiveTiles Bots, LiveTiles MX etc.

On 27th May 2019, the company had sent a notice to ASX regarding the release of securities from voluntary ASX escrow. Under the listing rule 3.10A, the company announced that it would be releasing 8,633,548 fully paid ordinary shares on 10th June 2019.

In the latest investor presentation released by the company, it had stated its Annualised recurring revenue (ARR) standing at A$34.5 million, an increase of 208% on a YoY basis, with ARR per customer increasing by 65% in the year ended 31 March 2019. The presentation further mentioned that LVT was bestowed with two awards by Microsoft and the Alconics. Customer cash receipts were also up by 256%, compared to pcp. Moreover, the company aims to grow ARR, organically to at least A$100 million by 30th June 2021.

The company has a market capitalisation of A$290.97 million, and the stock had touched a 52-week high and low of A$0.755 and A$0.275 respectively. The stock closed the trading session at A$0.445 as on 31st May 2019. The last one-year return of the stock is 7.2%, and the YTD return stands at 30.8%.

  1. Serko Limited (ASX: SKO) is an established travel and expense technology solution company with the client base of more than 6000 corporates. Zeno is the company’s innovative travel management application, which helps to transform business travel across the entire journey undertaken. The company is headquartered in New Zealand, listed on NZSX and has beyond 180 employees globally.

In the FY19 annual report for the year ending 31st March 2019, the company reported a 28% growth to $23.4 million in the operating revenue, and the recurring product revenue increased 26% to $20.7 million with total income increasing by 28% to $24.6 million. The company reported EBITDAF at A$2.59 million, up by 19% from the previous year and it posted a net profit after tax (NPAT) of $1.6 million. The cash balance at the end of the reporting period stood at $15.7 million, which included $14.3 million of capital raised.

FY18 results of the company can be further read here.

On 8th April 2019, the company released a statement regarding a substantial shareholding change in the company’s share. During the four months ended 5th April 2019, Harbour Asset Management Limited had purchased 675,651 ordinary shares of Serko and sold 64,578 ordinary shares

In the same period, First NZ Capital Securities Limited bought 552,770 shares of Serko and sold 464,467 ordinary shares.

The company has a market capitalisation of A$292.13 million, and the stock had touched a 52-week high and low of A$3.69 and A$2.41 respectively. The stock closed the trading session up by 2.2% at an intraday high of A$3.69 as on 31st May 2019. The YTD return stands at 38.8%.


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