Outstanding Revenue Growth
Revenue grew 79% year-over-year to $58.4 million, significantly surpassing analysts' expectations.
Remarkable EBITDA Growth
Adjusted EBITDA increased by 375% to $13.2 million, reflecting strong operational leverage.
Increased Full Year Revenue Guidance
The company raised its full year 2025 revenue growth guidance to 45% or more organic revenue growth, up from the previous 40%.
Strong Cash Position
Cash increased from $56.6 million at the end of Q1 to $59.8 million at the end of Q2, with an additional $8 million collected shortly after quarter-end.
Significant New Deals and Pipeline
Several new projects were secured with the largest customer, and a robust pipeline of significant dollar value deals positions the company for a strong second half of the year.