Business Update for Canaccord Growth Conference Boston August 2024

Bigtincan Holdings Limited (ASX: BTH) provided a business update highlighting its strategy and execution for FY24, aiming to strengthen its position as a leader in sales enablement. The company anticipates an Annual Recurring Revenue (ARR) of over AU$115 million, with expected Adjusted EBITDA exceeding AU$15 million. It reported a significant 21.8% increase in ARR from multi-year renewals, alongside a reduction in churn from AU$30.8 million in H1 to AU$11.3 million in H2 FY24. To support growth, Bigtincan raised AU$20.5 million, focusing on enhancing its GenieAI technologies. The appointment of Tim Ebbeck to the Board boosts enterprise software expertise, aligning with their vision for a transformative year through corporate adjustments and the integration of generative AI to enhance productivity and efficiency.

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