Australia's Beamtree Holdings hits near 2-week high on strong results, forecast

Beamtree Holdings

24/08/2022 06:37

** Shares of healthcare technology co Beamtree Holdings 
 BMT.AX  rise as much as 7.3% to A$0.295, the highest since Aug
12 
    ** Co says its total group revenue for FY22 rose 97% to
A$16.5 mln ($11.40 mln), due to winning new international sales
as well as client deals in South Africa and England 
    ** Annual recurring revenue came in at A$18.2 mln, up 172%
year-on-year  urn:newsml:reuters.com:*:nASX5mcHjY 
    ** Co expects to become operating cash flow-positive in FY23
    ** Co posts biggest intraday jump since July 28
    ** Shares of co down 43.9% YTD as of last close 
    
    ($1 = 1.4472 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))