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Australia – LiveHire reports cash receipts up 42% on quarter-over-quarter basis

24 January 2020

LiveHire Ltd. (LVH:ASX) on Tuesday reported cash receipts of AUD 1.4 million for the quarter ended 31 December, an increase of 42% from the quarter ended 30 September. The Melbourne, Australia-based company provides a platform that uses AI to source talent and offers an applicant tracking system for both contingent and directly hired workers.

LiveHire’s 12-month trailing cash receipts were AUD 3.99 million in the quarter ended 31 December, up from AUD 3.48 million in the quarter ended 30 September.

The company noted 15 client wins and the loss of two clients in the quarter.

Clients include managed service providers and recruitment process outsourcing providers. Last month, LiveHire announced an enterprisewide agreement with staffing firm Chandler Macleod to use LiveHire’s platform to provide an MSP service for a large, ASX-listed firm’s contingent workforce.