Strong Revenue Growth
Revenues increased 21% year‑on‑year in 2025 versus 2024 (driven by a EUR 1.6m increase in non‑recurring revenue and 7% growth in annual recurring revenue). On a constant currency basis growth exceeded 25%.
Improved Deployment Momentum
Deployment activity accelerated 31% in H2 2025 versus H1 2025, supporting a target to grow live endpoints ~20% in 2026 to just under 18,000 (from 14,880 at year end 2025).
Commercial Traction and New Logos
Added 18 new customer logos over the past 3 years (these 18 manage 11,631 licensed beds), creating a significant white space and an estimated 46,000 endpoint addressable opportunity across those customers.
Strategic Baxter Partnership & GPO Entry
Added to a group purchasing organization associated with one of the top 10 U.S. health systems via the Baxter partnership; Baxter pipeline includes 156+ qualified opportunities, materially expanding market access.
Product and AI Innovation Momentum
Launched a next‑generation front end and Ovie AI ecosystem (Ovie Engage, Ovie Voice, Ovie Console, Ovie Rounds) with pilots and show previews planned (ViVE/HIMSS). Ovie Console moved from concept to pilot quickly leveraging AI.
Software Development Productivity Gains
SDLC re‑design leveraging Agentic AI; the share of engineering staff reporting >15% daily time savings rose from 58% to 76% in two quarters. Targeting 4/5 maturity across key SDLC phases in 2026.
Operational Cost Efficiency
OpEx reduction in H2 2025: cash OpEx was 9% lower than H1 2025 and 13% lower than H2 2024. H2 run‑rate drop implies an annualized saving of >EUR 1.4m versus H1 2025 levels.
Gross Margin and Product Mix Transparency
Gross margin of 64% in 2025 (down 3 percentage points) was attributed to mix shift toward higher non‑recurring revenue while channel margins remain stable — management expects mid‑to‑low‑60s gross margin to hold in 2026.
Board & Leadership Strengthening
Michael Dowling (long‑time CEO of a major NY health system) joined the Board (effective 2 Dec 2025). Dr Greg Jackson appointed AI Transformation Lead to operationalize AI projects (54 identified initiatives).