Bigtincan, a sales coaching platform, reported revenue growth of 113% YoY to AUD 31.3 million (~USD 21.9 million) in Q4 FY2022, reportedly in line with the company’s forecast for FY2022. 

The company also reported a positive cash flow position for the third consecutive quarter in Q4 FY2022, which included AUD 0.8 million (~USD 0.56 million) in costs related to the integration of Brainshark, which the firm acquired in August 2021. Annual recurring revenue (ARR) grew 126% YoY to AUD 120 million (~USD 83.9 million) in Q4 FY2022, driven by growth in new logo sales, existing customers, and acquired customers via Brainshark. Total cash and cash equivalents was AUD 39.3 million (~USD 27.5 million) as at June 2022.

During the quarter, Bigtincan continued to actively expand across markets, mainly in North America, Europe, and Asia-Pacific, which led to the rise in operational costs to AUD 31.2 million (~USD 21.8 million). In addition, the company reported long-term product development expenditure of AUD 4.7 million (+6.8% QoQ) in Q4 FY2022. The company also reported 70+ capabilities released across the three core hubs (learning, content, and engagement) during Q4 FY2022. Additionally, the company reported two immaterial business acquisitions in Q4 FY2022. 

The company reaffirmed its FY2022 maiden positive adjusted EBITDA, with a forecast uplift from its 1H FY2022 adjusted earnings of AUD 1.2 million (~USD 0.84 million).