LiveHire Ltd’s [ASX:LVH] share price has both slowly grown and decreased over the past year.
LiveHire’s share price, at the time of writing is at 0.90 cents, having dropped 1.10%
LiveHire is a young company which started up in 2001 in Melbourne, Australia.
They work in the services sector while specialising in staffing and outsourcing.
Their market cap is currently valued at $235.994 million.
Strong levels of growth
LiveHire has consistently grown its user base and revenue performance during the first half of financial year 2018.
LiveHire has increased their talent pool by 130% to 530,000. They had just 234,000 users at the end of 2016.
They recently informed shareholders that they plan to expand even more, by targeting at least 75% of the Australian employment market.
LiveHire has managed to raise up to $20 million in an equity placement as of last year. They posted a revenue of $844,901 for six months through December.
Capital management for LiveHire has resulted in an increase of quarterly cashflow. Before stabilising, they expect cash overflows to slightly increase throughout the coming quarters.
Management will further continue to keep an eye on costs, as to stay in line with the financial year’s approved strategy and budget.
LiveHire’s Managing Director Antonluigi Gozzi stated:
‘The second quarter of FY18 results marks the 13th consecutive quarter of exponential growth of 20%+ QoQ, whilst at the same time focusing on the larger RPO channel partner implementations and new industry verticals. The quarter was a successful one for LiveHire, as we continued to demonstrate a fast rate of technology adoption, innovating and underlying performance of our key performance metrics. We look forward to continuing to deliver on our promises to all customers and shareholders in 2018.’
For, Money Morning
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