Why LiveTiles (ASX:LVT) could be the next billion dollar ASX SaaS company.

Here's a detailed article on "Why LiveTiles (ASX:LVT) could be the next billion dollar ASX SaaS company."

https://trackrecord.news/company-profile-livetiles-asxlvt/

"Based on the qualitative and quantitative (SaaS based unit economics and operational metrics) information outlined above, LVT could be the next billion dollar ASX listed SaaS company within the coming years. The company has the ability to continue to grow its ARR at 30% YoY for the next few years (around AUD150m ARR at the end of 2024). This logic is based on the well-known Rule of 40 in SaaS, which states that, at scale, a company’s revenue growth rate plus profitability margin should be equal to or greater than 40%. I think LVT is the perfect example of how misunderstood SaaS companies are by ASX investors and the Australian market broadly (Fidelity International, one of the largest institutional investment companies in the world, has seen the opportunity and recently amassed a 5% shareholding in the company at a 3.5x EV/ARR multiple)."