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Ann: Q2 ARR grows to $52.7 million, page-3

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16/01/20

09:30

Post #: 42406976
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Originally posted by jamber: ↑

16 January 2020
Q2 ARR grows to $52.7 million
• Annualised recurring revenue1 (ARR) reaches $52.7 million as at 31 December 2019, up from $42.9 million as at 30 September 2019. ARR has grown 130% in the last year and is up 7.6x in 2 years

• Q2 FY20 saw strong organic ARR growth of $5.1m from 30 September, augmented by acquired growth of $4.7m coming from the acquisition of CYCL, completed in early December

• CYCL acquisition completed in early December with integration progressing well

• Organic growth from continued focus on bundled and integrated offerings, which carry a longer sales cycle but higher average contract value and retention rate. Q2 saw continued growth in average contract value, with this growth achieved despite a higher churn rate among smaller customers and adverse FX translation impacts

• LiveTiles continues to expect another year of strong customer and revenue growth in FY20

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Boom! We’re back baby!!!

$5.1mn organic growth! Making last qtr look like a blip than the norm now!!!

C’mon the Tiles!

LVT Price at posting: 26.5¢ Sentiment: Buy Disclosure: Held
23 Upvote

0 Great analysis

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