HawkSearch AI Leadership
HawkSearch took center stage with AI-powered products becoming the growth engine. Five new products were added to the HawkSearch AI suite, and it is now powering over 1,000 websites. Net revenue retention for HawkSearch is 103%.
Record Sales Growth
Fiscal year '24 sales contracts nearly doubled in annual contract value compared to FY '23 results, totaling $2.1 million in ARR. In Q4, 17 licenses were sold for $360,000 in annual contract value.
Strong Partner Ecosystem
Strong partnerships with Optimizely and BigCommerce, with HawkSearch being promoted ahead of other search providers. HawkSearch was named Moblico Partner of the Year.
Improved Financial Performance
Gross profit increased to $2.7 million from $2.6 million in the prior year. Adjusted EBITDA for the quarter was $5,000 compared to negative $192,000 in the prior year.