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Beamtree Holdings Limited (ASX:BMT)

ALERT: Price-sensitive ASX Announcement for BMT
Current share price for BMT : $0.120 -0.18 (-60%)+
Announcement
Release
27 Aug 2024 8:50AM
Price at Release
$0.300
Full Release
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Summary
Beamtree Holdings Limited announced its audited FY24 results showing strong financial performance with a 21% revenue growth driven by a 47% increase in international revenue. The company achieved an operating profit of $0.4 million, a significant turnaround from the previous year's loss. Beamtree also reached cashflow break even by the end of FY24 with $5.0 million in cash. Looking ahead, the company expects to continue its growth momentum into FY25 with a forecasted 20% revenue increase and positive cash flow, supported by anticipated major procurement contracts in various international markets.
Key Points
  • Double digit revenue growth of 21% in FY24 driven by international revenue growth of 47%
  • Operating profit of $0.4 million in FY24, a 129% increase from the prior year loss of $1.4 million
  • FY24 cashflow break even with $5.0 million cash at 30 June 2024
  • Expectations for continued revenue growth of 20% and positive cash flow in FY25
  • Significant procurement contracts expected in the Middle East, UK, Canada, and ANZ
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.