Beam Communications BCC 1HFY24 Interim Results February 2024

Beam Communications Holdings Limited reports H1FY24 interim results with revenue of $16.7m and normalized EBITDA of $2m. The company highlights strong recurring revenue growth of 111%, driven by ZOLEO royalty revenue (+47% YoY) and subscription revenues now at $2.5m annualized. Cash receipts reached $19.7m with positive free cash flow, maintaining 40% gross margins and 15% recurring revenue CAGR.