Australia's Bigtincan hits near 4-month low as FY23 loss widens

Bigtincan Holdings

31/08/2023 02:15

** Shares of AI-powered software provider Bigtincan Holdings
  BTH.AX  fall as much as 7.1% to A$0.395, their lowest since
May 9 
    ** Co says FY23 loss attributable widened to A$27.4 mln 
($17.76 mln) from a loss of A$21.2 mln seen last year 
    ** Co says it has not paid or declared any dividend for the
year 2023 
    ** Stock has declined 4.5% so far in August, down for a
third straight month 
    ** Shares mark their biggest intraday pct loss since July 21
    ** More than 816,650 shares change hands, compared with the
30-day average volume of 705,325 shares 
    ** Stock down 19.8% this year, as of last close, vs a 3.7%
increase in the benchmark S&P/ASX 200 index  .AXJO  

($1 = 1.5427 Australian dollars)

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))