Bigtincan Holdings Limited (ASX: $BTH) FY24 Execution Roadmap

Bigtincan Holdings Limited (ASX: $BTH) has provided a business update, outlining its FY24 Execution Roadmap and the execution on key strategies. The company is focused on building a global leader in sales enablement and delivering financial results outlook for FY24. The unaudited trading highlights for FY24 include an ARR of $115m, with a focus on the core customer base driving EBITDA and FCF. Additionally, the company expects EBITDA of $10m+ for FY24, with Adjusted EBITDA projected to exceed $15m. Bigtincan also reported a 63% decrease in ARR churn and contraction in the second half of FY24 compared to the first half, along with a 21.8% increase in ARR in the second half versus the first half through multi-year renewals.

Bigtincan's Executive Commentary

Bigtincan's strategy and execution are focused on delivering financial results outlook for FY24. The company is committed to building on a strong core, delivering EBITDA growth, and addressing the macro climate with churn protection programs. The emphasis is on creating an efficient leader and the company is dedicated to being a globally leading sales enablement platform. The addition of enterprise software expertise to the Board and adjustments to the executive team reflect the company's commitment to growth and innovation.

Summary of Bigtincan's FY24 Outlook

Bigtincan Holdings Limited (ASX: $BTH) is executing on key strategies to deliver a positive financial outlook for FY24. The company's focus on building a global leader in sales enablement is evident through its emphasis on core customer base driving EBITDA and FCF, along with addressing the macro climate with churn protection programs. Bigtincan's commitment to innovation is highlighted by its investment in GenieAl technologies and the addition of enterprise software expertise to the Board. Looking ahead, the company projects a positive EBITDA position for FY25, inclusive of GenieAl investments, and continues to focus on technology innovation to drive cross-sell and expansion.