Australia's Beamtree eyes best day since March 2023 on smaller Q1 loss

Beamtree Holdings

04/11/2024 24:39

** Beamtree Holdings  BMT.AX  rises 15.6% to A$0.26; set for
best session since late March 2023
    ** AI decision support and data co's Q1 rev grows 16% y/y;
operating loss at A$0.2 mln ($131,680) vs year-ago A$0.8 mln
    ** Says growth driven by higher recurring and international
revenue
    ** Stock hits highest since Oct. 21
    ** BMT up 10.6% YTD

($1 = A$1.5188)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))