Revenue Growth and Profitability
Total revenue was $120.3 million, a 13% increase year over year. Adjusted EBITDA reached an all-time high margin of 24%, with an increase of $19 million year over year.
Strategic Acquisitions and Market Expansion
Acquisition of AccessOne to enter the provider financing market and expansion into healthcare provider marketing to engage healthcare providers and patients.
Positive Net Income
Net income remained positive at $4.3 million, marking the second consecutive quarter of delivering positive net income.
Strong Cash Flow
Operating cash flow was $15.5 million, up $9.7 million year over year, and free cash flow was $8.8 million, up $7.2 million year over year.
Increase in Healthcare Services Clients
Average healthcare services clients (AHSCs) increased to 4,520, an increase of 53 from the prior quarter.