Enterprise Business Growth
Revenues in the Enterprise business grew by 34% sequentially to $15.2 million, with growth across all geographies.
Improved Non-GAAP Gross Margin
Non-GAAP gross margin improved to 42.3% from the previous quarter, indicating better inventory management and cost control.
Positive Free Cash Flow
Free cash flow was positive at $5.2 million during Q3 '24, with a cash balance of $46.5 million as of September 30.
Successful New Product Launches
Introduction of new products like the PMP 450b subscriber module and market apps which are expected to drive future growth.