Quality Excellence
Achieved a quality metric of 99.9% based on customer reports, covering 58.2% of revenue, indicating top-tier performance in the industry.
Stabilization of Revenues
Revenues have stabilized at approximately $11 million per quarter for the last four quarters, despite a decrease in overall revenue by 19% to $22.4 million.
Improved Profitability
Gross profit remained at $10 million, and EBITDA increased from $1.7 million to $2 million, demonstrating financial resilience despite lower revenues.
Launch of Fast Track Service
Introduced Fast Track service allowing dubbing in 24 hours and subtitling in 3 hours, significantly faster than traditional timelines.
Successful Cost Rationalization
Completed cost rationalization program, resulting in a 1/3 reduction in fixed costs and a positive cash EBITDA of $0.6 million.