Significant Growth in Software Operations Bookings
More than 34% growth in software operations bookings compared to the previous year, with total bookings for the first half of the year approximately $20 million.
Strong Financial Performance
Adjusted EBITDA of $7.5 million, up from $7 million in the prior year period, with $4.6 million in GAAP net income.
Increase in Software Revenue
10% increase in software revenue, including double-digit growth in license revenue and triple-digit growth in managed services revenue year-over-year.
Improved Wireless Trends
Wireless net unit churn dropped by 50 basis points from the prior quarter, and there was a 5% increase in wireless ARPU.
Revised Financial Guidance
Increased guidance for 2025 with total revenue expected to range from $138 million to $143.5 million and adjusted EBITDA expected to range from $28.5 million to $32.5 million.
Successful Customer Engagements
Secured multiple significant contracts, including a 5-year engagement with a nonprofit 14-hospital system and a 5-year agreement with a healthcare provider employing over 100,000 people.
Strong Recurring Revenue Base
Over 80% of revenue is recurring, providing financial stability.