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if LiveTiles have agreed on a timeframe to start billing their...

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WoosterBrewster

1,187 Posts.

526

17/06/21

16:52

Post #: 53906051
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Originally posted by ValueSearch: ↑

@buckets36 I agree with your point, though there are a few complicating factors. At end of Q3 2020, N3 stopped subscribing. Who knows what and when they paid, though LVT reported it as $4.4m ARR p.a. That's gone. Also in the last Q, a lot of small clients terminated (i.e. didn't renew) so that would be more lost cash receipts. Then for some of the big recent deals we don't know when they start paying, usually it is by % as the project milestones are met.
Despite these mitigating factors I agree that cash receipts has been slowing, and that is a bit of a worry. You'd think if the business was quiet LVT could get more clients live, completing milestones and paying.

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if LiveTiles have agreed on a timeframe to start billing their client they aren’t going to push that forward even if milestones met

LVT Price at posting: 16.0¢ Sentiment: Hold Disclosure: Held
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