LiveHire December Quarterly Report, Appendix 4C
18 January 2018 | Melbourne, Australia
Quarter Highlights
LiveHire’s key performance metric and lead indicator, Talent Community Connections (TCCs), increased 20% Quarter-on-Quarter (QoQ) to 538,035 TCCs, from 447,575 in Q1 FY18, delivering another quarter of exponential growth. Cash receipts increased above expectations by 22% QoQ to $541,000, from $444,075 in Q1 FY18, reflecting the increase in licensing and hosting fees, set-up payments and improved contract terms with customers. LiveHire announced successful implementations of the Live Talent Community technology platform with three of the global top 10 Recruitment Process Outsourcing (RPO) firms, establishing very strong channel partnerships for continued market expansion, nationally and internationally.
Figure 1: LiveHire Talent Community Connection growth
The LiveHire Talent Community Ecosystem launched into two new verticals; Banking & Finance, with the launch of a Live Talent Community for an ASX100 organisation, and the Utilities vertical, with a state government-owned corporation.
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Figure 2: LiveHire Cash receipts growth quarter-on-quarter
Successfully completed a second SAP Success Factors integration with a mutual client. Work is already in progress that is expected to expand the capabilities and use cases of the integration with the Talent Community Software and Live Talent Pools. SAP is the global leader in HR Tech Management Systems with more than 6,000 enterprise clients globally. The Company successfully raised $20m via a placement of ~19.05m ordinary shares at $1.05 per share in December 2017, led by Telstra Super and Fidelity, to accelerate its key RPO growth channel, as well as investment into Artificial Intelligence (AI), technology partnerships and integrations, and global technology product partnerships. LiveHire held $33.6m cash at bank as at 31 December 2017, with no debt.
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