Cash flow BIGN HLDG

Equities

BTH

AU000000BTH6

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08-29	Transcript : Bigtincan Holdings Limited, 2024 Earnings Call, Aug 29, 2024
08-29	Bigtincan Holdings Limited Reports Earnings Results for the Full Year Ended June 30, 2024	CI

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Published financial data: BIGN HLDG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2019	2020	2021	2022	2023
Revenues	19.88M	31.01M	43.87M	108M	122M
Total Revenues	19.88M	31.01M	43.87M	108M	122M
Cost of Goods Sold, Total	2.43M	4.77M	6.63M	13.18M	14.93M
Gross Profit	17.46M	26.23M	37.24M	94.85M	107M
Selling General & Admin Expenses, Total	16.61M	21.98M	31.07M	85.57M	106M
R&D Expenses	6.37M	15.09M	17.83M	30.84M	33.44M
Depreciation & Amortization - (IS)	488K	2.03M	-	-	-
Other Operating Expenses	-	-	-858K	-611K	-752K
Other Operating Expenses, Total	23.46M	39.11M	48.04M	116M	139M
Operating Income	-6.01M	-12.87M	-10.8M	-20.95M	-31.1M
Interest Expense, Total	-565K	-52K	-94K	-292K	-
Interest And Investment Income	178K	31K	407K	72K	-
Net Interest Expenses	-387K	-21K	313K	-220K	-
Currency Exchange Gains (Loss)	463K	53K	-1.04M	9.36M	6.76M
Other Non Operating Income (Expenses)	1.93M	619K	-	-	-5.31M
EBT, Excl. Unusual Items	-4M	-12.22M	-11.53M	-11.82M	-29.65M
Merger & Related Restructuring Charges	-	-785K	-3.5M	-10.55M	-237K
Other Unusual Items	-	876K	-	-	-
EBT, Incl. Unusual Items	-4M	-12.13M	-15.03M	-22.36M	-29.89M
Income Tax Expense	86K	74K	-1.14M	-1.21M	-2.51M
Earnings From Continuing Operations	-4.08M	-12.21M	-13.89M	-21.15M	-27.38M
Net Income to Company	-4.08M	-12.21M	-13.89M	-21.15M	-27.38M
Net Income - (IS)	-4.08M	-12.21M	-13.89M	-21.15M	-27.38M
Net Income to Common Incl Extra Items	-4.08M	-12.21M	-13.89M	-21.15M	-27.38M
Net Income to Common Excl. Extra Items	-4.08M	-12.21M	-13.89M	-21.15M	-27.38M
Per Share Items
Net EPS - Basic	-0.02	-0.04	-0.04	-0.05	-0.05
Basic EPS - Continuing Operations	-0.02	-0.04	-0.04	-0.05	-0.05
Basic Weighted Average Shares Outstanding	228M	303M	322M	430M	580M
Net EPS - Diluted	-0.02	-0.04	-0.04	-0.05	-0.05
Diluted EPS - Continuing Operations	-0.02	-0.04	-0.04	-0.05	-0.05
Diluted Weighted Average Shares Outstanding	228M	303M	322M	430M	580M
Normalized Basic EPS	-0.01	-0.03	-0.02	-0.02	-0.03
Normalized Diluted EPS	-0.01	-0.03	-0.02	-0.02	-0.03
Supplemental Items
EBITDA	-5.52M	-11.81M	-9.08M	-10.35M	-16.73M
EBITA	-5.68M	-11.98M	-9.48M	-11.15M	-18.16M
EBIT	-6.01M	-12.87M	-10.8M	-20.95M	-31.1M
EBITDAR	-4.5M	-11.4M	-8.84M	-9.73M	-16.07M
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	-2.15	-0.61	7.58	5.42	8.39
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	41K	74K	111K	-586K	1.74M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	45K	-	-1.25M	-626K	-4.25M
Normalized Net Income	-2.5M	-7.64M	-7.21M	-7.38M	-18.53M
Interest on Long-Term Debt	-	52K	94K	292K	5.31M
Supplemental Operating Expense Items
Marketing Expenses	2.66M	2.42M	1.85M	5.23M	4.04M
Selling and Marketing Expenses	12.15M	18.14M	23.26M	57.35M	63.82M
General and Administrative Expenses	4.46M	3.84M	7.81M	28.22M	42.05M
Research And Development Expense From Footnotes	6.37M	15.09M	17.83M	30.84M	33.44M
Net Rental Expense, Total	1.01M	414K	240K	625K	661K
Imputed Operating Lease Interest Expense	-	-	108K	679K	-
Imputed Operating Lease Depreciation	-	-	132K	-53.75K	-
Stock-Based Comp., Other (Total)	460K	1.2M	1.96M	4.9M	5.76M
Total Stock-Based Compensation	460K	1.2M	1.96M	4.9M	5.76M

Fiscal Period: June	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	25.13M	71.35M	56.26M	38.96M	33.63M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	25.13M	71.35M	56.26M	38.96M	33.63M
Accounts Receivable, Total	5.1M	4.75M	13.04M	17.14M	22.7M
Other Receivables	1.53M	223K	5K	1.37M	2.26M
Total Receivables	6.63M	4.98M	13.05M	18.5M	24.96M
Prepaid Expenses	593K	2.09M	1.8M	7.63M	7.27M
Other Current Assets, Total	378K	943K	4.23M	2.35M	2.37M
Total Current Assets	32.73M	79.36M	75.33M	67.44M	68.22M
Gross Property Plant And Equipment	560K	3.82M	4.46M	8.46M	11.83M
Accumulated Depreciation	-360K	-1.5M	-2.79M	-4.67M	-7.73M
Net Property Plant And Equipment	200K	2.32M	1.66M	3.79M	4.1M
Goodwill	7.5M	17.63M	40.7M	130M	133M
Other Intangibles, Total	5.4M	13.33M	23.5M	105M	112M
Loans Receivable Long-Term	331K	393K	351K	392K	392K
Other Long-Term Assets, Total	-	-	-	513K	2.37M
Total Assets	46.16M	113M	142M	307M	320M
Liabilities
Accounts Payable, Total	2.28M	3.3M	2.28M	6.54M	670K
Accrued Expenses, Total	903K	2.14M	2.43M	3.58M	3.81M
Current Portion of Leases	-	889K	813K	1.04M	1.29M
Current Income Taxes Payable	-	-	-	-	2.01M
Unearned Revenue Current, Total	9.11M	18.51M	25.69M	50.58M	54.86M
Other Current Liabilities	1.94M	2.5M	5.36M	7.12M	10M
Total Current Liabilities	14.23M	27.33M	36.57M	68.86M	72.64M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	-	1.19M	463K	1.98M	2.48M
Unearned Revenue Non Current	499K	1.12M	637K	2.67M	7.7M
Deferred Tax Liability Non Current	985K	985K	221K	14.06M	9.8M
Other Non Current Liabilities	1.87M	626K	217K	426K	617K
Total Liabilities	17.58M	31.25M	38.1M	88M	93.24M
Common Stock, Total	65.28M	130M	164M	295M	324M
Retained Earnings	-41.13M	-53.33M	-67.22M	-88.37M	-116M
Comprehensive Income and Other	4.42M	5.6M	6.99M	12.59M	19.13M
Total Common Equity	28.58M	81.79M	103M	219M	227M
Total Equity	28.58M	81.79M	103M	219M	227M
Total Liabilities And Equity	46.16M	113M	142M	307M	320M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	262M	377M	417M	552M	607M
ECS Total Common Shares Outstanding	262M	379M	-	552M	604M
Book Value / Share	0.11	0.22	0.25	0.4	0.38
Tangible Book Value	15.67M	50.83M	39.24M	-15.86M	-18.15M
Tangible Book Value Per Share	0.06	0.13	0.09	-0.03	-0.03
Total Debt	0	2.08M	1.28M	3.03M	3.77M
Net Debt	-25.13M	-69.28M	-54.98M	-35.93M	-29.86M
Debt Equivalent Oper. Leases	8.11M	3.31M	1.92M	5M	5.29M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	560K	890K	1.42M	2.63M	3.64M
Full Time Employees	-	160	230	495	-
Accumulated Allowance for Doubtful Accounts (Supple)	794K	920K	1.73M	1.7M	429K

Fiscal Period: June	2019	2020	2021	2022	2023
Net Income	-4.08M	-12.21M	-13.89M	-21.15M	-27.38M
Depreciation & Amortization - CF	159K	1.14M	1.29M	1.88M	3.06M
Amortization of Goodwill and Intangible Assets - (CF)	329K	895K	1.32M	9.8M	12.94M
Depreciation & Amortization, Total	488K	2.03M	2.62M	11.68M	16M
Amortization of Deferred Charges, Total - (CF)	-	-	-	434K	3.64M
Stock-Based Compensation (CF)	460K	1.2M	1.96M	4.9M	5.76M
Provision and Write-off of Bad Debts	28K	141K	488K	35K	1.17M
Other Operating Activities, Total	143K	1.36M	61K	-10.4M	-10.34M
Change In Accounts Receivable	-2.42M	349K	-4.38M	2.3M	-7.61M
Change In Accounts Payable	555K	-187K	-3.17M	12.05M	164K
Change in Unearned Revenues	500K	9.4M	3.26M	-1.42M	9.3M
Change In Income Taxes	-7K	-	-	-	-
Change in Other Net Operating Assets	-2.22M	-259K	234K	-2.98M	-2.38M
Cash from Operations	-6.55M	1.84M	-12.82M	-4.56M	-11.69M
Capital Expenditure	-196K	-330K	-278K	-820K	-265K
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-5.6M	-11.61M	-29.02M	-125M	-4.2M
Sale (Purchase) of Intangible assets	-1.82M	-3.48M	-5.95M	-16.58M	-17.05M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Cash from Investing	-7.61M	-15.42M	-35.25M	-142M	-21.52M
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Long-Term Debt Repaid, Total	-	-854K	-901K	-1.15M	-1.44M
Total Debt Repaid	-	-854K	-901K	-1.15M	-1.44M
Issuance of Common Stock	16.58M	63.94M	36.25M	133M	30.53M
Other Financing Activities, Total	-1.08M	-3.27M	-2.38M	-2.22M	-1.65M
Cash from Financing	15.51M	59.81M	32.97M	130M	27.44M
Foreign Exchange Rate Adjustments	-	-	-	-	429K
Net Change in Cash	1.34M	46.23M	-15.1M	-17.3M	-5.33M
Supplemental Items
Cash Income Tax Paid (Refund)	-	-	-	41K	-
Levered Free Cash Flow	-5.09M	3.15M	-10.21M	8.99M	-13.94M
Unlevered Free Cash Flow	-4.74M	3.18M	-10.16M	9.17M	-13.94M
Change In Net Working Capital	-79K	-11.8M	1.75M	-22.65M	2.58M
Net Debt Issued / Repaid	-	-854K	-901K	-1.15M	-1.44M

Fiscal Period: June	2019	2020	2021	2022	2023
Profitability
Return on Assets	-9.96	-10.11	-5.3	-5.84	-6.2
Return on Total Capital	-16.58	-14.31	-7.16	-8.02	-8.59
Return On Equity %	-18.04	-22.12	-15	-13.13	-12.29
Return on Common Equity	-18.04	-22.12	-15	-13.13	-12.29
Margin Analysis
Gross Profit Margin %	87.8	84.61	84.88	87.8	87.8
SG&A Margin	83.53	70.9	70.81	79.21	86.5
EBITDA Margin %	-27.75	-38.1	-20.7	-9.58	-13.67
EBITA Margin %	-28.55	-38.63	-21.6	-10.32	-14.83
EBIT Margin %	-30.21	-41.52	-24.62	-19.39	-25.41
Income From Continuing Operations Margin %	-20.55	-39.37	-31.66	-19.58	-22.37
Net Income Margin %	-20.55	-39.37	-31.66	-19.58	-22.37
Net Avail. For Common Margin %	-20.55	-39.37	-31.66	-19.58	-22.37
Normalized Net Income Margin	-12.57	-24.64	-16.42	-6.84	-15.14
Levered Free Cash Flow Margin	-25.62	10.15	-23.28	8.32	-11.39
Unlevered Free Cash Flow Margin	-23.84	10.25	-23.15	8.49	-11.39
Asset Turnover
Asset Turnover	0.53	0.39	0.34	0.48	0.39
Fixed Assets Turnover	109.54	24.6	22.01	39.63	31.02
Receivables Turnover (Average Receivables)	5.12	6.29	4.93	7.16	6.15
Short Term Liquidity
Current Ratio	2.3	2.9	2.06	0.98	0.94
Quick Ratio	2.23	2.79	1.9	0.83	0.81
Operating Cash Flow to Current Liabilities	-0.46	0.07	-0.35	-0.07	-0.16
Days Sales Outstanding (Average Receivables)	71.25	58.15	74.03	50.99	59.4
Average Days Payable Outstanding	356.42	213.79	100.3	122.09	-20.68
Long Term Solvency
Total Debt/Equity	-	2.54	1.23	1.38	1.66
Total Debt / Total Capital	-	2.47	1.22	1.36	1.64
LT Debt/Equity	-	1.45	0.45	0.91	1.09
Long-Term Debt / Total Capital	-	1.41	0.44	0.89	1.08
Total Liabilities / Total Assets	38.09	27.65	26.92	28.68	29.12
EBIT / Interest Expense	-10.63	-247.58	-114.91	-71.75	-
EBITDA / Interest Expense	-9.77	-208.48	-87.07	-31.76	-
(EBITDA - Capex) / Interest Expense	-10.11	-214.83	-90.03	-34.57	-
Total Debt / EBITDA	-	-0.19	-0.16	-0.33	-0.25
Net Debt / EBITDA	4.55	6.39	6.72	3.87	1.98
Total Debt / (EBITDA - Capex)	-	-0.19	-0.15	-0.3	-0.25
Net Debt / (EBITDA - Capex)	4.4	6.2	6.5	3.56	1.94
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	51.27	55.95	41.5	146.23	13.29
Gross Profit, 1 Yr. Growth %	60.21	50.29	41.95	154.7	13.3
EBITDA, 1 Yr. Growth %	-31.81	114.06	-24.18	-16.04	-19.39
EBITA, 1 Yr. Growth %	-30.63	111.01	-21.97	-12.34	-15.76
EBIT, 1 Yr. Growth %	-27.06	114.35	-17.16	49.14	-0.8
Earnings From Cont. Operations, 1 Yr. Growth %	-38.49	198.8	13.8	52.28	29.45
Net Income, 1 Yr. Growth %	-38.49	198.8	13.8	52.28	29.45
Normalized Net Income, 1 Yr. Growth %	-39.03	205.65	-11.36	-20.04	33.47
Diluted EPS Before Extra, 1 Yr. Growth %	-52.18	125.2	6.92	14.15	-4.06
Accounts Receivable, 1 Yr. Growth %	91.69	-6.84	174.52	31.38	32.44
Net Property, Plant and Equip., 1 Yr. Growth %	22.7	1.06K	-28.26	127.45	8.4
Total Assets, 1 Yr. Growth %	57.95	144.89