공지 • Jun 20
Omnia Digital Workplace AB completed the acquisition of Assets from LiveTiles Limited (ASX:LVT). Omnia Digital Workplace AB executed a binding Share Purchase Agreement to acquire Assets from LiveTiles Limited (ASX:LVT) on June 4, 2024. The effect of the Transaction is that all the operations of the LiveTiles business will be sold to Omnia. LiveTiles’s businesses of My Net Zero and Human Link did not form part of the transaction. The Share Purchase Agreement is subject to customary completion steps that the Receivers expect to be satisfied shortly.Omnia Digital Workplace AB completed the acquisition of Assets from LiveTiles Limited (ASX:LVT) on June 19, 2024. 공지 • Dec 15
LiveTiles Limited Announces Management Changes The Receivers and Managers of LiveTiles Limited announced that Karl Redenbach has resigned from his position as Director of the Company. The company also announced Natalie Climo has resigned from her position as Company Secretary of the Company. 공지 • Oct 30
LiveTiles Limited, Annual General Meeting, Nov 30, 2023 LiveTiles Limited, Annual General Meeting, Nov 30, 2023, at 10:00 AUS Eastern Standard Time. Location: Christie Centre, Level 12, 3 Spring Street, Nsw 2000 Australia Agenda: To receive and consider the Financial Report, the Directors' Report and Auditor's Report of the Company for the year ended 30 June 2023; to adopt the Remuneration Report for the year ended 30 June 2023; to consider The Company investigate the removal of the Company from the official list of the ASX; to consider Election of Director Mr Steven Gray; to consider Election of Director Ms Lisa Sarago; to approve the Additional 10% Placement Capacity; to approve and ratify the prior issue of Shares to My Net Zero; and to consider other matters. 공지 • Oct 18
LiveTiles Limited Announces Board Changes LiveTiles Limited announced the resignation of Chairman Jesse Todd, and Non-Executive Directors Vanessa Ferguson and Kevin Young, effective immediately. LiveTiles has appointed Steven Gray as Chairman and Lisa Sarago as Non-Executive Director on the Board. These appointments are effective immediately with the intention to transition to permanent appointment(s) at the forthcoming Annual General Meeting, subject to shareholder ratification at the upcoming 2023 Annual General Meeting. Karl Redenbach will remain on the Board as Managing Director and Executive Director. Steven Gray: Steven Gray joins the Board as Chairman. Steven Gray is the Founder of Land on Heart, established in 2023, and Utilitise IT, established in 2016. With over 30 years of technology and business leadership experience, he has demonstrated excellence in IT Transformation and enhancing service outcomes through technology within several of Australia's organisations, including Coles, Transurban, Spotless, and KPMG Australia. Lisa Sarago: Lisa Sarago joins the Board as a Non-Executive Director. Lisa is currently the Chief Executive Officer of Land on Heart, an organisation dedicated to fostering cultural awareness and education within business entities. She brings substantial operational experience from her prior leadership roles, having served as the Chief Executive of Goanna Education, Goanna Solutions, Australian Indigenous Leadership Centre, and NPAWS. Lisa's accomplishments were further recognised with the 2022 Indigenous Leader of the Year award, powered by Women In Digital. 공지 • Oct 11
Livetiles Limited Announces Resignation of David Vander as CEO LiveTiles Limited announced that CEO David Vander has resigned and will be departing the organisation at the end of his six (6) months notice period. This will enable David to see through these changes and provide an orderly transition. The company will commence a search for a suitable replacement. Reported Earnings • Aug 30
Full year 2023 earnings released: AU$0.037 loss per share (vs AU$0.001 loss in FY 2022) Full year 2023 results: AU$0.037 loss per share (further deteriorated from AU$0.001 loss in FY 2022). Revenue: AU$30.6m (down 42% from FY 2022). Net loss: AU$33.8m (loss widened AU$33.0m from FY 2022). 공지 • Jul 07
LiveTiles Limited (ASX:LVT) Completed the acquisition of remaining 80.03% stake in My Net Zero R&D Pty Ltd from existing shareholders. LiveTiles Limited (ASX:LVT) entered into a binding agreement to acquire remaining 80.03% stake in My Net Zero R&D Pty Ltd from existing shareholders for AUD 10 million on October 18, 2022. Pursuant to the transaction, LiveTiles will acquire the remaining 80.03% the remainder of the My Net Zero with initial tranche will brings LiveTiles ownership of My Net Zero to circa 55% for issuance of up to 68,310,127 ordinary class shares and remaining shares may be purchased over the next 18 months, in one or more tranches, following completion of the initial tranche for an aggregate amount of AUD 5.73 million. At the end of the 18-month period, or upon an earlier change of control event, the sellers may elect for LiveTiles to purchase the remaining My Net Zero shares at that time. Subject to revenue targets of AUD 25 million being met over three years, aggregate consideration for My Net Zero is AUD 10 million should all shares in My Net Zero be purchased. To the extent that consideration is paid in cash then this will be funded from cash reserves at the relevant time. The in principle vesting arrangements presently require all LiveTiles’ shares as issued to be held in escrow and released from escrow in various stages subject to targets being met as follows: 25% vested upfront but released from escrow December 31, 2025; and the remaining 75% to vest and be released progressively from December 31, 2023 until December 31, 2025 subject to financial targets being met. The transaction is subject to conditions precedent including any required approvals from its lenders and the parties signing a formal Escrow and Vesting Deed to record vesting arrangements which have been agreed in principle. Subject to these conditions being met LiveTiles expects to complete the acquisition of the first tranche within 5 to 7 business days.
LiveTiles Limited (ASX:LVT) Completed the acquisition of remaining 80.03% stake in My Net Zero R&D Pty Ltd from existing shareholders on July 6, 2023. Board Change • Apr 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (4 non-independent directors). Co-Founder, MD, Head of Global Growth & Executive Director Karl Redenbach is the most experienced director on the board, commencing their role in 2015. Independent Non-Executive Director Jesse Todd was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Nov 17
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Jesse Todd was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 04
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Jesse Todd was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 01
Full year 2022 earnings released: AU$0.001 loss per share (vs AU$0.035 loss in FY 2021) Full year 2022 results: AU$0.001 loss per share (improved from AU$0.035 loss in FY 2021). Revenue: AU$52.8m (up 18% from FY 2021). Net loss: AU$818.4k (loss narrowed 97% from FY 2021). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
Full year 2022 earnings released: AU$0.001 loss per share (vs AU$0.035 loss in FY 2021) Full year 2022 results: AU$0.001 loss per share (up from AU$0.035 loss in FY 2021). Revenue: AU$52.8m (up 18% from FY 2021). Net loss: AU$818.4k (loss narrowed 97% from FY 2021). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Breakeven Date Change • Apr 27
No longer forecast to breakeven The 2 analysts covering LiveTiles no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$3.00m in 2024. New consensus forecast suggests the company will make a loss of AU$200.0k in 2024. Reported Earnings • Aug 27
Full year 2021 earnings released: AU$0.034 loss per share (vs AU$0.04 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: AU$46.7m (up 24% from FY 2020). Net loss: AU$30.1m (loss narrowed 4.6% from FY 2020). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Executive Departure • Apr 19
Non-Executive Director has left the company On the 15th of April, Dana Rasmussen's tenure as Non-Executive Director ended after 1.6 years in the role. We don't have any record of a personal shareholding under Dana's name. A total of 4 executives have left over the last 12 months. Executive Departure • Apr 19
Non-Executive Director has left the company On the 15th of April, Andrew McKeon's tenure as Non-Executive Director ended after 4.0 years in the role. As of December 2020, Andrew personally held 277.78k shares (AU$68k worth at the time). A total of 4 executives have left over the last 12 months. Executive Departure • Apr 14
Company Secretary has left the company On the 7th of April, Andrew Whitten's tenure as Company Secretary ended after 5.9 years in the role. We don't have any record of a personal shareholding under Andrew's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Mar 02
First half 2021 earnings released: AU$0.025 loss per share (vs AU$0.03 loss in 1H 2020) The company reported a solid first half result with improved revenues and control over costs, although losses were not reduced. First half 2021 results: Revenue: AU$20.3m (up 13% from 1H 2020). Net loss: AU$21.5m (flat on 1H 2020). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 19
New 90-day low: AU$0.21 The company is down 2.0% from its price of AU$0.22 on 22 October 2020. The Australian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is flat over the same period. Recent Insider Transactions • Dec 10
Board Member recently sold AU$3.0m worth of stock On the 8th of December, Peter Nguyen-Brown sold around 12m shares on-market at roughly AU$0.26 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$6.0m more than they bought in the last 12 months. Is New 90 Day High Low • Nov 23
New 90-day high: AU$0.29 The company is up 26% from its price of AU$0.23 on 25 August 2020. The Australian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 10.0% over the same period. Is New 90 Day High Low • Oct 27
New 90-day high: AU$0.26 The company is up 7.0% from its price of AU$0.24 on 29 July 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Software industry, which is up 21% over the same period.