ASX:BMT
Beamtree Holdings Ltd
Investment Summary
The fund managers believe Beamtree Holdings Ltd is a promising investment opportunity due to its positioning as a fast-growing global healthcare technology provider with software deployed in over 20 countries. They noted the company’s renewed investor interest attributed to its outstanding underlying results. Notably, Chairperson Emma Gray’s recent acquisition of 20m shares further reflects confidence, increasing her ownership to 10.7% of the company. In their opinion, the guidance for $60m in annual recurring revenue by FY25, showing a 38% compound annual growth from FY23, is an attractive prospect. However, they acknowledged that the announcement of CEO Tim Kelsey stepping down in March 2025 introduced volatility, leading to a -27% performance drag. Despite this, concerns regarding financial stability were mitigated with the FY25 Q1 Trading Update, revealing a 20% revenue growth and reaffirming the target for $60m ARR by the end of 2026.
Commentary From The Managers
Cyan Investment Management
31 Oct 2024
$0.23
- Cyan Investment Management continues to monitor developments regarding Beamtree Holdings Ltd.
- The performance drag was attributed to CEO Tim Kelsey's announcement of his departure in March 2025, leading to a decline of -27% in share value.
- Concerns about Beamtree's financial outlook were addressed with their FY25 Q1 Trading Update.
- The trading update showed a revenue growth of +20% for FY25.
- Beamtree confirmed a longer-term target of $60 million ARR by the end of 2026, with $25.5 million as of June 24.
Cyan Investment Management
31 May 2024
$0.23
- Beamtree is a fast-growing global healthcare technology provider with software deployed in more than 20 countries.
- Outstanding underlying results have renewed investor interest.
- Company Chairperson Emma Gray increased her investment in May, acquiring 20m shares, raising her ownership to 10.7% of BMT.
- Beamtree has guided to $60m in annual recurring revenue by FY25, indicating compound annual revenue growth of 38% from FY23 base.
- Cyan Investment Management continues to hold its position in Beamtree due to these positive developments.
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.