1H FY25 Results - Investor Presentation
| Stock | Beamtree Holdings Ltd (BMT.ASX) |
|---|---|
| Release Time | 19 Feb 2025, 8:28 a.m. |
| Price Sensitive | Yes |
1H FY25 Results - Investor Presentation
- 10% revenue growth, 31% operating profit growth, 5% operating expense growth
- Launch of Integrated Coding Platform in Saudi Arabia, new autonomous coding solutions in pipeline
- Continued momentum in diagnostics, analytics, and knowledge networks
Beamtree Holdings Ltd reported its 1H FY25 results, highlighting strong financial performance and operational progress. The company achieved 10% revenue growth, 31% operating profit growth, and 5% operating expense growth compared to the prior corresponding period. Key highlights included the launch of the new Integrated Coding Platform in Saudi Arabia, with the first implementation at a major Riyadh hospital scheduled for Q3. Beamtree also secured verbal agreements for multiple implementations of its new autonomous coding solution across Australia, Canada, and the UK. In diagnostics, the company saw continued momentum with its Abbott distribution agreement, including a 50% increase in revenue. Beamtree also launched its first veterinary lab in Australia and secured an agreement for its RippleDown solution to be installed at Launceston General Hospital. In analytics and knowledge networks, the company launched a new $2 million data analytics platform and is in advanced discussions with the NHS Confederation to explore the formation of an NHS peer-to-peer analytics and learning network in the UK. Beamtree also appointed a new CEO to lead the next phase of growth and reported a current sales pipeline of $61 million.
Management reaffirms the outlook of delivering annual recurring revenue of $60 million by the end of 2026. Reported revenue growth is expected to be around 10% for FY25, with forecast reported recurring revenue growth of 12% to 14% and forecast annual recurring revenue growth of 20% at 30 June 2025.
Beamtree is focused on ongoing management of operating expenses and continued reduction in cash burn in the second half of FY25 compared to the first half. The company has $13 million in later-stage procurement to support its $60 million annual recurring revenue target by the end of 2026.