LiveTiles Limited announced FY22 results; EBITDA increased 131%

LiveTiles Limited (ASX: LVT) announced its FY22 results for the period ended 30 June 2022:

• In FY22, the company reported operating revenue of AU$52.8 million, a 17% increase from the previous corresponding period, with a 6% decrease in the operating cost.
• It has reported underlying EBITDA of AU$3.0 million, which increased 362% from PCP, and EBITDA of AU$5.1 million, a 131% up from FY21.
• During FY22, LiveTiles’s total contracted license improved 20% to AU$2.8 million compared to AU$2.3 million in FY21.
• During FY22, the company secured a 3.5-year AU$10.0 million secured loan facility with One Ventures to support future investment strategies, deliver on new product developments, and support continuing working capital requirements.

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