Australia's Bigtincan rises as co on track to achieve FY23 outlook

Bigtincan Holdings

27/10/2022 02:35

** Shares of Australia's Bigtincan Holdings  BTH.AX  rise as
much as 10.4% to A$0.585, their highest since Sept 20
    ** The AI-powered software provider says it is on track to
achieve FY23 revenue outlook in the range of A$123 mln ($79.80
mln) to A$128 mln  urn:newsml:reuters.com:*:nASX5hgyjW
    ** Says also is on track to achieve FY23 Annual Recurring
Revenue forecast in the range of A$137 mln to A$143 mln
    ** The Sydney-headquartered co forecast FY23 positive
adjusted EBITDA to materially exceed FY22
    ** Adds it is on track to achieve cash flow breakeven in
FY23
    ** Stock down 47.8% this year, as of last close
     ($1 = 1.5413 Australian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))