LVT 0.00% 0.6¢ livetiles limited

New predictions, page-116

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    @buckets36 From the 4C Q3 2020
    "N3Q3 growth was achieved notwithstanding the conclusion of the Company’s partnership with N3 at the end of the quarter. N3 provided contracted sales and marketing services, particularly in the US, since March 2018. The Company’s business model has evolved significantly since the partnership commenced over 2 yearsago, with LiveTiles well positioned to pursue growth through its multiple channels including direct sales, digital marketing, Microsoft and partners. Inside sales operations have now been moved to an internal operating model. This decision has resulted in the one-off churn of approximately $4.4m in ARR, representing the software license subscription announced along with the N3 partnership in March 2018. The Company has already taken cost actions to substantially offset this loss in revenue."

    I doubt N3 ever paid this, nor LVT the reported amount to N3. Inflated to boost each other's revenue. Even if N3 paid half, it was still a sizable drop in cash when it ceased. Trust but verify.
    Last edited by ValueSearch: 17/06/21
 
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