Bigtincan Holdings Limited (ASX:BTH) Reports Half-Year Financial Results
Financial Performance
Bigtincan Holdings Limited (ASX:BTH) reported a 15% decrease in operating revenue to $50.5 million for the half-year ended 31 December 2024, compared to $59.3 million in the same period last year. The company incurred a net loss attributable to members of $63.95 million, significantly increasing from a loss of $10.7 million in the prior year. The net tangible asset per security decreased to 3.41 cents from 7.37 cents.
Corporate Developments
The company completed a retail offer, raising approximately $10.5 million by issuing 105,078,111 fully paid ordinary shares at $0.10 per share. Bigtincan amended its loan agreement with Regal Funds Management Pty Ltd, paying a non-refundable extension fee of $450,000 and an exit fee of $450,000 upon maturity. Additionally, Bigtincan has entered into a Vector Proposal, recommending shareholders vote in favour of Vector Capital Management’s acquisition offer of 22 cents per share.
Motley Fool contributor Matt Burgess has positions in Bigtincan. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Bigtincan. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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