SaaS Revenue Growth
SaaS revenue grew 14.6% to $1.6 million for the quarter compared to $1.4 million for the same period last year, driven by early payables automation successes.
Strong Pipeline and Expansion
The company has rebuilt its backlog with orders in hand, expected to sustain digital transformation work beyond fiscal 2026, and is expanding into microfilm and microfiche storage.
Successful K-12 Market Penetration
31 new SaaS deals closed in the K-12 market within weeks, with significant potential for expansion among 4,000 targeted prospects.
Gross Margin Improvement
Consolidated gross margin increased by 434 basis points to 64.2% for Q3 2025 compared to 59.8% last year, driven by increased SaaS volume.
Debt-Free Balance Sheet
The company has no debt on its balance sheet as of September 30, 2025, after paying off the last of it in June.