22.02.2016

LiveChat Software had a strong Q3 2015/16

Consolidated net profit of Warsaw listed LiveChat Software (LVC) rose by 54.6% during first 9 months of its fiscal year 2015/16 (started April 1st) to PLN 19.96 mn.
During this period revenues rose by 66.3% to PLN 37.43 mn, while EBITDA amounted to PLN 26.11 mn (growth of 55.9%). Operational profit (EBIT) rose by 56.2% to PLN 25.23 mn.
In Q3 alone (October – December) company’s net profit amounted to PLN 7.25 mn, EBITDA to PLN 9.79 mn, EBIT to PLN 9.46 mn, and revenues to PLN 13.75 mn.
Wroclaw based company is one of the three world’s largest “live chat for business” software vendors. Companies and institutions use LiveChat solution for the direct contact with people visiting their websites, including sales support. The solution offers various tools that allow for the site traffic analysis to check customer behaviour and quality of work. LiveChat Software offers its solution in a SaaS model (Software as a Service). It is global company focused on the US market, the Polish market producing only a few per cent of sales. As the regular customers, company can include small on-line stores and big global brands such as Orange, Play, Adobe, Samsung, Ryanair, Kaspersky Lab, Pizza Hut and Air Asia. The LiveChat solution is also used by universities or public institutions, such as the US Department of State.
Full financial report can be downloaded from HERE.

Key financial indicators are as follows:

Selected items from the consolidated profit and loss statement and cash flow statement (in PLN) Q1-Q3 2015 Q1-Q3 2014
Net revenues from sales 37 425 683 22 502 006
EBITDA 26 109 517 16 747 900
Profit (loss) on operational activity 25 229 291 16 152 256
Gross profit 24 847 924 16 076 118
Net profit (Loss) 19 962 906 12 909 377
Net cash flow from operating activities 21 825 108 12 127 865
Net cash flow from investing  activities -1 847 762 -1 200 254
Net cash flow from financial  activities -18 282 500 -9 527 500
Net cash flow total 1 694 846 1 400 111
Selected items from the consolidated balance sheet (in PLN) 31 December 2015 31 March 2015 (end of FY)
Total assets 24 673 063 21 288 128
Fixed assets 4 893 405 3 930 849
Current assets 19 779 658 17 357 280
Equity 21 534 476 19 738 883
Share  capital 515 000 515 000
Long-term liabilities 0 3 754
Short-term liabilities 3 138 587 1 545 491