• LiveHire targets US HR sector which it says has grown 26% YOY
  • Envirosuite doubles its Water product ARR for Q2
  • Novonix signs technology development agreement with old pal Phillips 66

LiveHire (ASX:LVH)

Recruitment software player LiveHire was up 11.11% in early morning trade today.

The company says its direct sourcing quarterly revenue was up 124% year on year in North America, and that it’s on track to deliver ~36 clients by end of FY222.

In the ANZ market, net gain for the quarter of 14 clients took the total to 154 clients, with closing ARR at $4.9m – that’s up 10% on Q1 and 26% year on year.

US$1.9b invested in HR sector last year

The company’s goal is to invest in and accelerate growth in North America, as employers have restructured how they contract and engage with employees – and how they invest in HR technology.

LiveHire flagged that the contingent hiring sector has grown 26% YOY in the US, and that its competitor WillHire was acquired by PRO Unlimited, a leading MSP, in September 2021.

“According to Crunchbase the Global M&A and investment activity in human resources/recruiting sector has significantly increased with $US1.9b being invested and/or acquired YTD calendar year 2021,” the company said.


Envirosuite (ASX:EVS)

Up 8.1% today was ESG platform provider Envirosuite, which reported that its annual recurring revenue (ARR) is nearing $50m – with $49m recorded at the end of Q2.

The company also achieved record Q2 new sales orders of $4.6m, including 1.8m of ARR or a 64% increase on the previous corresponding period.

EVS said its Water product doubled in total ARR in Q2 to $0.4m, with two strategic agreements signed with GHD.

“It’s exciting to see EVS Water continue to prove product market fit with the addition of a desalination plant in Asia, while EVS Omnis continues to expand into adjacent industries such as cannabis showing the applicability of capability across sectors, and our EVS Aviation customers showing confidence in our product with multi-year renewals,” CEO Jason Cooper said.

“It’s an exciting time for the company as we continue to strengthen the foundations of our business for scale with high calibre executive hires, bringing in industry experienced sales professionals and continuing to invest in our product to meet the growing needs of the market as the environment becomes an increasingly important agenda item for all industries.”



DroneShield (ASX:DRO)

DroneShield was unchanged today, after reporting $2.6 million customer cash receipts for Q2 – up 53% on 3Q21 – plus a 94% growth in unaudited revenue at $10.5 million.

During the quarter the company executed on its $3.8 million two-year Electronic Warfare contract with the Australian Department of Defence (DoD) and the DoD awarded DRO a third, 12-month $800,000 contract relating to Artificial Intelligence in multi-domain applications.

Plus, the company nabbed a permit from the Australian Communications and Media Authority to undertake advanced testing of its electronic warfare and counterdrone portfolio in country.

DRO also added inventory during the quarter to mitigate supply chain delay risks in the current environment, with around $14 million of inventory by sale value on hand to meet near term pipeline requirements.


Novonix (ASX:NVX)

Graphite anode materials producer Novonix was up 0.5% today.

The company signed a technology development agreement to advance the production and commercialisation of next-generation anode materials for lithium-ion batteries with Phillips 66.

Phillips 66 is a global manufacturer of specialty coke, a key precursor to the synthetic graphite anode material NOVONIX produces – and became a major investor last year when it acquired a 16% stake in the company.

“Together we plan to develop integral processes, from manufacturing precursor materials to producing high-capacity long-life synthetic graphite anode material intended to improve battery performance, lower cost and decrease environmental impact,” NVX CEO Chris Burns said.

Under the two-year agreement, the companies plan to drive commercial development of optimised feedstocks and lithium-ion anode materials with reduced carbon-intensive processing.


Simble Solutions (ASX:SIS)

Energy intelligence software company Simble was down 5% today, reporting that the ARR for its energy division increased by 8% from Q3 to Q4 across Australian and UK markets.

Plus, cash receipts from customers for the December quarter were $0.59m, an increase of 127% on the PCP due to energy division growth – and an increase of 135% on the prior quarter due to energy division growth.

During the quarter the company launched its new CarbonView self-service Software as a Service (SaaS) platform aimed at assisting SME businesses meet their carbon reporting obligations.

And Simble signed a five-year partnership agreement with a leading Australian Energy consultancy, Choice Energy, to provide the CarbonView platform to their 4,500+ SME clients.