Optiva (TSE:OPT) has released an update.
Optiva Inc. has released its Q1 2024 financial results, showing a revenue of $11.7 million and a total contract value of $21.8 million, despite an adjusted EBITDA loss of $2.3 million. The company highlights its technical leadership with the acquisition of two new telecom customers in Africa, the launch of a new partnership for integrated solutions, and the use of generative AI to enhance customer offerings. Optiva’s aggressive R&D investments aim to fuel future growth, with expectations of a revenue increase of at least 10% in 2024.
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