Strong Revenue Growth
Total consolidated revenue growth of 16.2% year-over-year, driven by a 27% increase in core verticals.
Gross Margin Expansion
Gross margin improved to 66.1%, up from 63.2% in the previous year, due to cost optimizations and favorable product mix.
EMEA Region Growth
EMEA revenue grew by 52%, increasing its share of total sales from 27% to 35%.
North America Revenue Increase
North America revenue increased by 29%, with strong performance in corrections and utilities.
EBITDA and Net Income Growth
EBITDA margin expanded by 161 basis points to 11.8%, and net income rose to $1.2 million from $493,000.