Livehire (ASX:LVH) announced financial results for the quarter ended 30 September 2022.

Direct Sourcing added 1 new client with a strong focus on ICP clients that drive revenue growth throughout the year. Also one of the world?s largest oil and gas companies upgraded from our Large client category (~$300k) to Super (~$1.3m).

LiveHire has removed non-ICP clients from the pipeline resulting in 74 ICP client opportunities live; 12of these at proposal stage.

LiveHire US team attended the CWS Summit in Dallas - the most well-attended event of its kind attracting HR, procurement and workforce solutions management professionals from Fortune 2000 companies around the world.

Underlying non-COVID role revenues are up 20% on previous quarter, and 193% on Q1 22. Trendline is positive with the number of Applications submitted on platform, which generally predetermines next quarter?s revenue, up 24% on previous quarter and 96% on Q1 22.

Investment in security and compliance (ISO 270001) certification and SOC 2 Type 1 proves key in winning enterprise deals and high price point pipeline expansion.

Closing ARR for Q1 23 $5.8m up 2% on Q4 22, and up 29% YOY.

Client revenue retention consistent with plan with NRR rate % (rolling 12mths) at 95%, 1% point lower than Q1 22.

Closing clients of 175, up 1 from Q4 22 (added 6 new clients, 5 losses, one of these losses was due to the parent company being added as a client in Q4 22, which was 2x larger than loss).

88 client opportunities live, up from 83 last quarter; 24 of these at proposal stage.

Following the announcement the company?s share price unchanged.