LiveTiles Reported Positive Cashflow and ARR Growth in Q4FY20

July 29, 2020 12:28 PM AEST
Team Kalkine

An information technology company, LiveTiles Limited (ASX:LVT) generated positive quarterly operating cash flow for the first time in the fourth quarter of FY20 of ~A$1.2 million.

Annualised recurring revenue (ARR) has increased to A$58.2 million on a constant currency basis, up by 45% in the last year & up by 288% in two years.

Cash on hand of the company increased by A$4.0 million during the fourth quarter to A$37.8 million as of 30 June 2020.

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