Looking back on the Beamtree "conviction" about reaching $60 million in revenue by 2026 shows that they are falling way behind their original projections. In April 2023, the projection showed a 35% compound annual growth rate projection with a straight line steep slope:
Now it looks more like the proverbial "hockey stick" to reach the $60 million in the next 24 months...
At the rate they are going, they would be lucky to hit $30 million in revenue in FY25 (doubling their growth from FY23 to FY24), and $40 million by FY26.
They have not indicated anything about their pipeline of possible/probable sales - other than a vague "momentum growing" with Abbott...
Interesting that they have not planned any growth for the knowledge network, even though announcing a possible exploration of a knowledge network in the UK with the NHS Confederation as of June 2024...
Ann: Unaudited FY24 results, strong cashflow & good FY25 outlook, page-8
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