Because you're comparing constant currency ARR figures with different FX rates.
The constant currency figure they reported is used to show growth YoY from the prior corresponding period (PCP June 2020 - June 2021), not quarter over quarter (QoQ) as you've tried to compare them.
As most people know, March 2020 FX rates were highly distorted due to covid. LiveTiles have actually done the right thing here and corrected for the return to more normal FX rates. I think continuing to use that old inflated FX rate would have been more detrimental to improving shareholder confidence.
They actually made a note of this upfront on the investor call, that they intend to use this YoY 12-month comparison moving forward, so it's free of influence from FX rates. It's a positive change in my opinion.
- Forums
- ASX - By Stock
- LVT
- Ann: FY21 Q4 Quarterly Activities Report and Appendix 4C
Ann: FY21 Q4 Quarterly Activities Report and Appendix 4C, page-70
-
-
- There are more pages in this discussion • 97 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LVT (ASX) to my watchlist
|
|||||
Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.474M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
LVT (ASX) Chart |
Day chart unavailable
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online