Technology

Bigtincan Holdings ends Q3 FY22 up 30% QoQ

Thu 28 Apr 22, 3:58pm (AEST)
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Key Points

  • Company launched new products in quarter including metaverse-based VR Showrooms
  • Compared to Q3 FY21, revenue up 181%
  • Bigtincan Holdings revenue up 30% QoQ at $34.3m from $26.3m

Bigtincan Holdings (ASX:BTH) has posted its Q3 FY22 results today, revealing revenue is up 30% compared to company revenue in the previous quarter, Q2 FY22. 

The company also notes its revenue results for Q3 FY22 put it some 181% above its quarterly performance year-on-year. 

Despite this, sell-offs have continued impacting the Bigtincan Holdings share price today on the market as the company sees itself down -0.80%—an abrupt pause in selling activity compared to the last week. 

New products unveiled during the quarter 

The company notes that it launched and shipped two strategic products during the quarter: ‘Bigtincan for Salesforce,’ and, ‘VR Showrooms.’ 

Both products target the emerging metaverse market space. 

The company continues to develop its Bigtincan Engagement Hub - Call Intelligence software products, which seeks to optimise the experience of by-phone customer service for its business customers. 

Its products have also won the company a Gold Medal award from the SoftwareReviews buyers guide report. Bigtincan was ranked 1st by users for product features and capabilities. 

A screenshot of Bigtincan Holdings' Call Intelligence software
A screenshot of Bigtincan Holdings' Call Intelligence software

Customer expansions underpin product rollouts

Through Q3 FY22, Bigtincan took on new customers including Informa Markets, American Express Travel and Takeda Pharmaceuticals. 

The company also threw an investor presentation event, its flagship such activity for the 2022 financial year. 

Shares are currently trading at 62cps. 

Bigtincan Holdings' charts since November
Bigtincan Holdings' charts since November

 

Written By

Jonathon Davidson

Finance Writer

Jonathon is a journalism graduate and avid market watcher with exposure to governance, NGO and mining environments. He was most recently hired as an oil and gas specialist for a trade publication. Email Jon at [email protected].

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