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Bigtincan Holdings Releases 3Q Results This Morning – Share Price Rallies Over 23%

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 third quarter results to the market today. The company has reported strong results, amid the coronavirus outbreak. Cash receipts increased by 65% from the previous quarter to $14.9m, while cash operating payments increased to $11.1m from $10m in the previous quarter (representing 11% growth). This has resulted in the business operating cash flow positive for the quarter.

 

BTH

Bigtincan Holdings Limited (ASX: BTH) has released its 3Q results to the market. Cash receipts increased by 65% from the previous quarter. The share price rallied over 23%. (Source: smallcaps.com.au).



The market reacted very well to the strong results, with the share price rallyin over 23% in the first two hours of trading. BTH is now trading $0.14 higher, at $0.73 per share.

BTH has approximately $31m in cash and is sufficiently capitalised for growth, as the economy recovery with the help of increased fiscal stimulus.

During the Covid-19 outbreak, BTH offered a coronavirus awareness toolkit and working remotely course to aid companies embracing working from home. Furthermore, the company addressed counter-cyclical market sectors (life science, technology, telecommunications), with programs that added value to customers and BTH.

The company’s guidance remains unchanged at revenue growth of 30-40%, with stable retention.

 


 

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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