Very nice company to partnership with.Q3 ARR up to $55.2m,...

Very nice company to partnership with.

Q3 ARR up to $55.2m, accelerated breakeven target•

Annualised recurring revenue1 (ARR) reaches $55.2 million as at 31 March 2020, up from $52.7 million as at 31 December 2019.

ARR has grown 60% in the last year and is up 4.9x in 2 years• LiveTiles is well positioned during the current environment as the global leader in intranet software and its applicability to remote working.

LiveTiles is actively supporting over 1,000 recurring subscription customers to support remote employee communications, operating system access, collaboration and document sharing•

Material cost reductions have been implemented in late March and early April, with the business well placed to operate with this reduced cost base from Q4•

LiveTiles is well capitalised with over $33m cash on hand as at 31 March. The Company is accelerating its efforts to reach breakeven operating cash flow and is taking tangible steps to reach that point during calendar 2020•

LiveTiles reconfirms it has no requirement to raise further capital to fund operating cash burn