- Workplace technology company LiveTiles (LVT) is trading slightly lower today despite some positive financial figures for its quarterly update
- Compared to the September quarter in 2019, LiveTiles grew annualized recurring revenue (ARR) by 33 percent to $57.1 million this year
- The result underpinned by cash receipts of around $12 M for the quarter and the addition of 24 new LiveTiles customers
- Similarly, the past six months are only cashflow-positive when not counting non-recurring costs from the September 2020 quarter
- Still, the company says it pleased with its quarterly numbers particularly in light of COVID-19 headwinds
- Shares in LiveTiles are down almost 4 percent this afternoon and worth 25 cents each
