Beamtree Holdings Ltd ( (AU:BMT) ) has issued an announcement.
Beamtree Holdings Limited announced continued double-digit revenue growth of 10% for the first half of fiscal year 2025, driven by a 31% increase in international revenue and a high customer renewal rate. The company reported an operating profit, breaking even in cash flow, and securing a new NZ$7.5 million debt facility to support its growth plans. Significant developments include the launch of an Integrated Coding Platform in Saudi Arabia, verbal agreements for new implementations in several countries, and a strong sales pipeline of $61 million. These efforts are expected to accelerate revenue growth and position the company for a cash flow positive status by the end of fiscal year 2025, with a forecast ARR growth target of 20% year on year.
More about Beamtree Holdings Ltd
Beamtree Holdings Limited is a prominent provider of AI-based decision support and data insights solutions primarily serving the healthcare sector. The company is focused on delivering innovative technologies that aid in improving healthcare administration and patient outcomes, with a growing presence in international markets such as Canada, the UK, and Saudi Arabia.
YTD Price Performance: 12.73%
Average Trading Volume: 183,141
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$89.83M
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