Optiva Inc. Q4 Results and Growth Outlook
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Optiva Inc. Q4 Results and Growth Outlook

Optiva (TSE:OPT) has released an update.

Optiva Inc. announces a $12 million revenue for the fourth quarter of 2023, with a 63% gross margin despite an adjusted EBITDA loss of $1.8 million. The company highlights three new customer wins and a robust sales pipeline, contributing to a total contract value bookings of $24.3 million. Looking forward, Optiva forecasts at least 10% revenue growth for 2024 and continues to expand strategic partnerships, including with BT Group and Humane, to power innovative digital services.

For further insights into TSE:OPT stock, check out TipRanks’ Stock Analysis page.

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