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LiveTiles share price sinks on Q4 update – Motley Fool Australia

The LiveTiles Ltd (ASX:LVT) share price is sinking lower on Wednesday after the release of an underwhelming fourth quarter update…

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The LiveTiles Ltd(ASX: LVT) share price has come under pressure after the release of its fourth quarter update.
In morning trade the software company’s shares are down almost 4% to 26 cents.
How did LiveTiles perform in the fourth quarter?
During the fourth quarter of FY 2020, the intranet and workplace technology software provider delivered another quarter of record annualised recurring revenue (ARR) and cash receipts.
At the end of the period, the company’s ARR had grown to $58.2 million o…

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