Increased Revenue from New Business
Revenue from new wins nearly doubled, increasing by almost 90% compared to the prior year, with a sales pipeline that has grown from $12 million to $24 million year-over-year.
Geographic and Revenue Diversification
Maintenance support business saw a 15% increase in revenue, driven by new business in Saudi Arabia and Australia/New Zealand, offsetting summer transactional revenue weakness.
Strong Pipeline with Emerging Technologies
Freedom product expanded from 11 to 39 venues with 48 in the pipeline. Introduction of AI-driven voice-enabled chatbot for ticket and food orders, with a market-ready prototype.
Strategic Capital Use
Completed acquisition of 1RISK, enhancing integration capabilities. Continued buyback program with $5 million spent on shares, enhancing shareholder value.
Improvement in Gross Margin
Gross margin improved from 76.2% to 78.3% due to a decrease in low-margin hardware sales.