Record quarter delivers $6.9m annualised subscription revenue, up 245% year-on-year
• Annualised subscription revenue* (ASR) reaches $6.9 million as at 31 December 2017, up from $5.0 million as at 30 September 2017 and $2.0 million as at 31 December 2016
• ASR has grown by 245% in the last 12 months
• LiveTiles’ Artificial Intelligence products promoted to Fortune 500 companies, in partnership with Microsoft
• Further investment in sales and marketing has driven a significant step-up in the sales pipeline and is expected to contribute to strong ASR growth in FY18
Annualised subscription revenue growing rapidly
LiveTiles Limited (ASX:LVT) (‘LiveTiles’ or ‘the Company’), a global software company that empowers its users to drive their own intelligent workplace experiences is pleased to announce a record quarter of annualised subscription revenue (ASR) growth.
ASR reached $6.9 million as at 31 December 2017, representing annual growth of 245%, with $1.9 million of ASR added in the December quarter (up 245% on the prior corresponding quarter).
* Annualised subscription revenue (ASR) represents committed, recurring subscription revenue on an annualised basis
LiveTiles Limited | ACN 066 139 991 | Registered Office: 2 Riverside Quay, Southbank VIC 3006
T: +61 2 8072 1400 |
www.livetiles.nyc
Customer highlights in the December quarter included:
A multinational media conglomerate headquartered in the United States
One of the world’s largest investment managers, headquartered in the United States
A large transportation authority in the United States
A leading insurance company headquartered in the United Kingdom
A large real estate group based in the Middle-East
A major airline headquartered in the Asia-Pacific region
An Australian Federal Government agency
A large Australian university
A major life insurance company based in Asia
During the quarter, LiveTiles and Microsoft commenced joint discussions with several Fortune 500
companies to promote the Company’s recently launched artificial intelligence (AI) products. The
discussions proceed further promotional activity, with LiveTiles Bots to be promoted to Microsoft
customers in the United States as a quick-to-deploy AI solution. The Microsoft campaign is a strong
endorsement of LiveTiles and the Company was pleased to launch LiveTiles RAISE, an AI product
specifically developed for the retail industry, shortly after quarter end.
LiveTiles co-founder and Chief Executive Officer, Karl Redenbach said: “Our ongoing investment in sales
and marketing is fueling substantial growth in our sales pipeline. This investment, together with the
recent launch of our AI products, gives us great confidence in our plan to deliver strong subscription
revenue growth in FY18 and beyond.”
LiveTiles will provide further details on its growth and operations with its 2nd quarter Appendix 4C in late
January.
For further information, please contact:
Matt Brown, Chief Financial Officer
+61 (0) 417 201 246
[email protected]
Media Enquiries
Alex Liddington-Cox
Media & Capital Partners
+61 (0) 474 701 469
[email protected]
