Strong Revenue and Growth
Total revenues in Q2 grew 34% year-over-year to $156.6 million, driven by stronger enterprise carrier spend, which was up over 61% from the previous year.
Record Financial Metrics
Achieved record adjusted EBITDA margin of 14%, net income of $14.7 million, and operating cash flow of $25.3 million. Cash and cash equivalents increased to $148.2 million from $125 million at the end of Q1.
Inaugural Share Repurchase Program
Announced a share repurchase program with authorization to buy up to $50 million in shares over the next 12 months.
AI and Technological Advancements
Introduced AI-driven efficiency applications across various operations, including AI voice agents and ML-driven smart campaigns, improving spend efficiency by about 20% for a major carrier.
Home and Renters Insurance Vertical Growth
Revenue from the home and renters insurance vertical increased to $17 million in Q2, up 23% year-over-year and sequentially.