Revenue Growth
Total revenue increased by 11% year over year to $75.4 million, driven by a 10% growth in both transaction and subscription revenues.
Increased Equipment Revenue
Equipment revenue rose to $10.2 million, marking an 18% increase compared to Q3 fiscal year 2024.
Adjusted Gross Margin Expansion
Adjusted gross margin expanded to 41.6% from 39.6% in the same quarter last year.
Strong Cash Generation
Q3 was one of the best quarters for cash generation, with total cash from operating activities reaching $22.4 million.
Successful Product Launches
The Engage Pulse cashless device and SmartStore product were well-received, contributing significantly to revenue and market interest.
Valuation Allowance Release
Released $42.2 million of valuation allowance associated with federal and state deferred tax assets, resulting in an income tax benefit.