Ann: Q1 FY24 Trading Update, page-5

@ stocking - g'day!!

Hope you are "hanging in there" during these pretty horrible times for most micro caps.

The downtrends in most micro caps seem to have gone on forever this time.

I thought this BMT update was very solid today - with organic growth continuing to run at around 25%.

And the Abbott & Lean partnerships / agreements seem to be really gaining momentum - which will underpin BMT hitting that $60m revenue target by the end of 2026.

I particularly liked this statement (see in bold below):

Outlook Re-affirmed with Strong Operating Momentum across all Four Segments

Overall, Beamtree continues to deliver solid revenue growth with organic growth of +23% in Q1 whilst carefully managing its cost base. The Company remains on track to deliver an operating profit in FY24.

How did you get your "10% increase in ARR over the q" figure?

From my calculations, they increased ARR from $22.8m to $23.8m in this quarter - an increase of $1.0m or around 4.4% ?

But not sure if I have got this wrong somehow?

Either way, this business is definitely on the right track IMO.