Menu
LiveTiles cuts $30M loss to $818,000

LiveTiles cuts $30M loss to $818,000

Marks final annual report as it prepares to de-list from the ASX.

Karl Redenbach (LiveTiles)

Karl Redenbach (LiveTiles)

Credit: LiveTiles

LiveTiles has seen a significant improvement in its bottom line after cutting its previous $30 million profit loss down to just $818,000 for the financial year ended 30 June 2022. 

The software vendor marked its annual statement on the Australian Securities Exchange (ASX) with a revenue rise of 14 per cent to $53 million.   

The bulk of LiveTiles’ revenue -- $42 million  -- came from software subscriptions, a rise of 25 per cent year-on-year. 

Software-related services revenue came in at $9.3 million. LiveTiles’ new employment engagement platform made $900,000 in revenue while a further $400,000 was classed as ‘other’ revenue. 

Meanwhile, its underlying EBITDA increased by 362 per cent to $3 million from $1.1 million in 2021 while actual EBITDA improved by 151 per cent to $5.1 million. 

LiveTiles also said it was continuing to focus on key channel partners, as well as its Microsoft alliance as part of its ‘partnership strategic focus’. 

Indeed, LiveTiles even went so far as to acquire its Perth-based partner The Human Link for $1 million to expand in the employee experience (EX) market.

Earlier this month, LiveTiles announced its plans to de-list from the ASX. The company claimed the trading prices of its shares in recent years had not been reflective of a fair value and is lower when compared to unlisted companies similar in nature to LiveTiles. 

Looking at life beyond the ASX, the company said it was looking to maintain high customer retention, high margin customers and “retaining a market leading position” across Asia Pacific, EMEA and the Americas.  

It also is planning a  an “extensive” operational review of its business and the continued move of “certain” jobs to Portugal and the Philippines.


  


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags LiveTiles

Events

EDGE 2023

EDGE is the leading technology conference for business leaders in Australia and New Zealand, built on the foundations of collaboration, education and advancement.

WIICTA 2023

ARN has celebrated gender diversity and recognised female excellence across the Australian tech channel since first launching WIICTA in 2012, acknowledging the achievements of a talented group of female front runners who have become influential figures across the local industry.

ARN Innovation Awards 2023

Innovation Awards is the market-leading awards program for celebrating ecosystem innovation and excellence across the technology sector in Australia.

Brand Post

Channel Roadmap

The Channel Roadmap is a bespoke content hub housing strategic priorities from technology vendors for 2022 and beyond, partners can find the guidance on the key technologies and markets to pursue, to help build a blueprint for future success.

Show Comments