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BTH

BigTinCan Holdings Rallies 7% On The Back Of Half Year Results

Max Molinari

Max is an Equity Analyst with ASR Wealth Advisers. He has studied a Bachelor of Business and a Bachelor of Laws at the University of Technology, Sydney. Max currently holds RG146 qualifications.

Bigtincan Holdings Limited (ASX: BTH) has released its half year results to the market today. Bigtincan is a software as a service (SaaS) provider of enterprise mobility, which enables sales and service organisations to increase sales and improve customer satisfaction through improved mobile worker productivity. It also provides monitoring tools to senior executives to manage KPIs and set targets. The Company has its core operations in Sydney, with a global go-to-market headquarter in Boston and sales/support teams located in London, Tokyo, Los Angeles, Singapore and Glasgow.

 

 

The business carries seasonality in its earnings, with the stronger quarters being December and June. BTH has confirmed full year revenue growth of 30 – 40%. The business saw its customer retention rate increase from 87% in the previous half to 89% in this half.

The sales enablement industry is rapidly growing at approximately 39% per year, with BTH growing revenue at rates higher than this – implying greater market share. While the business has guided a growth range, the market anticipated it to be higher. New contracts are what gives BTH its edge, therefore customer satisfaction is paramount for a business of this nature – a higher retention (lower churn) is beneficial for the company.

BTH is generally perceived by the market as a somewhat speculative stock given the business does not currently make earnings. However, the stock has proven great growth potential and has strong institutional backing.

 


 

Disclaimer:

This article has been prepared by the Australian Stock Report Pty Ltd (AFSL: 301 682. ABN: 94 106 863 978)

(“ASR”). ASR is part of Amalgamated Australian Investment Group Limited (AAIG) (ABN: 81 140 208 288 Level 13, 130 Pitt Street, Sydney NSW 2000).

This article is provided for informational purpose only and does not purport to contain all matters relevant to any particular investment or financial instrument. Any market commentary in this communication is not intended to constitute “research” as defined by applicable regulations. Whilst information published on or accessed via this website is believed to be reliable, as far as permitted by law, we make no representations as to its ongoing availability, accuracy or completeness. Any quotes or prices used herein are current at the time of preparation. This document and its contents are proprietary information and products of our firm and may not be reproduced or otherwise disseminated in whole or in part without our written consent unless required to by judicial or administrative proceeding. The ultimate decision to proceed with any transaction rests solely with you. We are not acting as your advisor in relation to any information contained herein. Any projections are estimates only and may not be realised in the future.

ASR has no position in any of the stocks mentioned.

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