Ann: LVT: LiveTiles Limited responds to media speculation, page-11

Not sure where u got that idea.. They had hyper growth but losing a shit load of money and many shareholders started asking for management to scale back their runaway costs. Also they used a sales company to help with the sales and growth but decided to terminate that contract due to the super high costs. Very similar to what's happening with BTH.

Also covid hit which forced them to scale back growth and costs even more.. They have spent the last 2 years with minimal sales and marketing costs but continued to grow nonetheless. They grew 500k licences last financial year.

Another factor that has slowed their ARR and cash revenues is the new product reach is a lot cheaper and thir new fee structure for their intranet. Once clients resign they resigned on lower fees which slows revenue. But 5hey still grew by 500k licences which is a good amount so not sure where ur getting ur false idea that they don't want to buy livetiles products when they signed an extra 500k licences.

Finally theythey lost about 100 clients during covid due to companies being to small to service, they moved on with the sales company or couldn't afford to pay any more