Bigtincan books $64M net loss in H1 FY25 due to goodwill impairment

Bigtincan Holdings (ASX:BTH), a company focused on AI-powered sales enablement automation, has announced its H1 FY25 financial results.

Net loss after tax was $64 million, driven primarily by a $54 million goodwill impairment linked to the proposed Vector transaction, aligning the company's net tangible assets with the potential acquisition terms.

For the six months ended Dec. 31, 2024, Bigtincan reported operating revenue and other income of $51.2 million.

EBITDA for the period reached $2.8 million, reflecting a 49% increase from $1.9 million in the prior corresponding period.

Adjusted EBITDA, which excludes one-time expenses related to corporate activities and share-based payments, stood at $5.6 million.

The company anticipates full-year FY25 EBITDA exceeding $10 million.
Bigtincan continues to enhance its AI-powered platform, delivering new AI-driven features that strengthen its market leadership in sales enablement.

The innovation has fueled expansion, with 50+ new customer acquisitions and over 200 expansions within its existing customer base.

Bigtincan’s commitment to AI innovation was recognised with the 2024 Aragon Research Innovation Award for Sales AI.

The company also expanded its board, appointing industry expert Akash Agarwal to enhance its US market expertise.

Bigtincan continues progressing discussions with Vector Capital regarding the scheme of arrangement.

Looking ahead, Bigtincan remains focused on achieving its FY25 targets, including $105 million in revenue and adjusted EBITDA of $15 million.

At the time of reporting, Bigtincan's share price was $0.20.