Exceeding Financial Expectations
Revenue in the fourth quarter of $73.2 million and adjusted EBITDA of $8.1 million were both above the high end of the company's guidance ranges. Revenue for the full year of $312.5 million and adjusted EBITDA of $24.1 million exceeded expectations.
Strong Product Innovation and Adoption
Introduced several new AI-driven features such as Bring Your Own LLM and Copilot Rewrite, which accelerated adoption of generative AI on the platform. Also launched Agent Workspace for Voice, integrating voice and digital channels.
Significant Customer Wins and Expansions
Signed 39 deals in Q4, including 9 new logos and 30 expansions and renewals. Total deal value increased by 18% quarter-over-quarter. New logo deal values more than doubled the average over the first three quarters of 2024.
Positive Trends in AI and Partner Strategy
Q4 saw a 17% sequential increase in the number of customers leveraging generative AI and a 37% increase in conversations using the gen AI suite. Partner strategy aims for a 35% attach rate in 2025, more than doubling current contributions.