Beisen Holding Ltd. (HK:9669) has released an update.
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Beisen Holding Ltd. forecasts a rise in revenue and annual recurring revenue for FY2024, with an anticipated increase of 11.5%-17% in revenue and 15%-18% in ARR compared to FY2023. However, the company also expects a greater loss attributable to owners due to fair value changes and increased share-based payments. Despite the anticipated loss, Beisen Holding Ltd. has seen growth in its Cloud-based HCM solutions and improved cost controls, leading to a significant projected increase in net cash inflow from operating activities.
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