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