Australia's Bigtincan rises on positive earnings outlook

Bigtincan Holdings

13/05/2022 02:38

** Shares of AI-powered software provider Bigtincan Holdings
 BTH.AX  rise as much as 10.6% to A$0.575, mark their biggest
intraday gain since March 17
    ** Co says it remains on track o meet or exceed FY22 outlook
of A$119 mln ($81.90 mln)  urn:newsml:reuters.com:*:nASXbmMmkj
    ** Co expects to report its maiden adjusted EBITDA-positive
full financial year results for FY22
    ** Says on the expected FY22 performance, and ongoing
benefits of scale, co has set a target of achieving cash flow
breakeven in FY23
    ** Shares hit their highest since May 9
    ** Volumes are 1.4 times the 30-day average of 1.1 mln
shares
    ** As of last close, stock down 48.8% this year

    ($1 = 1.4531 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))