LVT 0.00% 0.6¢ livetiles limited

LiveTiles reaches $2 million of annualised subscription revenue...

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    LiveTiles reaches $2 million of annualised subscription revenue LiveTiles Limited (ASX:LVT) (“LiveTiles”) is pleased to announce that our annualised subscription revenue (“ASR”) has reached $2.0 million, approximately double our ASR as at 30 June 2016 and more than four times our ASR as at 31 December 2015. Karl Redenbach, co-founder and Chief Executive Officer said: "Breaking through $2 million of annualised recurring revenue is another major milestone for LiveTiles.” “Our sales pipeline has grown substantially during the December 2016 quarter and we are pursuing opportunities with many large enterprises. We expect to continue delivering strong revenue growth in 2017”, Mr Redenbach said. The December 2016 quarter was a record quarter with $0.55m of ASR added, bringing total ASR as at 31 December 2016 to $1.97m.
 
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