LiveHire's achievements and funding announcement

LiveHire Limited (ASX:$LVH) has closed the 2023 calendar year by achieving significant milestones and securing additional funding. The company received upfront payment for a 3-year renewal of a key SaaS client, a refund from ATO for FY23, and signed new contracts with Water Corporation and TAPFIN Direct Sourcing. Moreover, LiveHire successfully secured debt funding with Lighter Capital for approximately $3m, with minimal dilution to shareholders.

Executive commentary on LiveHire's achievements and funding

LiveHire CEO, Christy Forest, expressed satisfaction with the company's progress, highlighting the positive signs from the market and within their global pipelines. Forest also acknowledged the collaboration with partners and the dedication of the teams in delivering strong and focused outcomes.

Summary of LiveHire's achievements and outlook

LiveHire (ASX:LVH) achieved key milestones in the 2023 calendar year, including renewing a key SaaS client, receiving an R&D refund, and signing new contracts with significant clients. The company's ability to accelerate cash generation from new clients demonstrates its potential for growth. Additionally, LiveHire successfully secured debt funding with Lighter Capital, providing financial agility in the current economic cycle. The funding agreement includes two tranches, offering additional headroom for the company. LiveHire's CEO, Christy Forest, emphasized the positive progress and collaboration with partners, indicating a promising outlook for the company's future endeavors. The company's ambitions and goals are aligned with continued progress toward break-even cashflow and providing a prudent buffer to working capital while navigating the current economic environment.