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LiveTiles: Shares slip on latest quarterly update | Fintech InShorts: Latest fintech news, analysis by experts

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LiveTiles: Shares slip on latest quarterly update

By Steve Sam

October 27, 2020

Workplace technology company LiveTiles (LVT) is trading slightly lower today despite some positive financial figures for its quarterly update
Compared to the September quarter in 2019, LiveTiles grew annualized recurring revenue (ARR) by 33 percent to $57.1 million this year
The result underpinned by cash receipts of around $12 M for the quarter and the addition of 24 new LiveTiles customers
Similarly, the past six months are only cashflow-positive when not counting non-recurring costs from the September 2020 quarter
Still, the company says it pleased with its quarterly numbers particularly in light of COVID-19 headwinds
Shares in LiveTiles are down almost 4 percent this afternoon and worth 25 cents each

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