Cost Reduction Measures
Implemented strategic changes expected to save approximately $7.2 million in annualized costs, affecting 30% of the workforce.
Strong Pipeline Growth
Reported a strong and growing pipeline with ongoing activities and customer trials in North America and Europe.
Expansion of SafePath Platform
SafePath platform now offers a comprehensive ecosystem tailored to family needs, aligning with carrier strategies to capitalize on family market opportunities.
CommSuite Revenue Increase
CommSuite revenue increased by approximately $148,000 compared to the third quarter of 2024.
Improved Gross Margin
Gross margin increased to 74% from 72% in the third quarter of 2024, with expectations to reach 78% to 80% in 2026.