BTH delivers AI-powered sales platforms to improve customer efficiency, though the stock is down over 90% from its 2021 high, a simple case of a great story in theory failing to live up to expectations.
On a brighter note, the stock did rally over 10% yesterday following its FY24 results:
- Total revenue came in at $117.1 million, and Annualised Recurring Revenue (ARR) stood at $116 million.
- EBITDA reached $11.3 million, up from a loss of $4.9 million in FY23, and Adjusted EBITDA doubled year over year to $16.2 million
- Produced free cash flow of $5.4 million.
The result showed a step change in operating metrics, and at least now the cash burn seems behind it, but we remain concerned about BTH’s competitive landscape moving forward.
MM is neutral toward BTH
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