Revenue Growth and Positive Net Income
Quarterly revenue grew over 20% sequentially from Q1 to Q2, reaching $80 million. The company also reported a net income of $0.2 million for the quarter.
Improved Adjusted EBITDA
Adjusted EBITDA loss improved to $1.95 million, showing a narrowing from previous quarters, and the company is on track for positive adjusted EBITDA in the second half of 2025.
Cost Management and Margin Expansion
Cost of revenue decreased to 51% from 67% year-over-year, and operating expenses fell by 37%. Gross margins and profitability have improved significantly.
Growth in High-Margin Verticals
Insurance and wealth segments contributed 27% of total revenue, up from 22% the previous year, indicating a successful shift towards higher-margin verticals.
Strong AI Integration
AI is being used for customer support and competitive intelligence, leading to reduced service costs and better conversion rates without increasing headcount.