Strong Revenue Growth
Third quarter revenue increased to $70 million, up 31% year-over-year after adjusting for the divestiture of Maximum Effort.
Gross Margin Improvement
Gross margin for Q3 increased to 79% compared to 72% in Q3 of 2024, an increase of 720 basis points.
First Quarter of GAAP Profitability
Achieved positive net income of $6.4 million for a GAAP EPS of $0.09 a share, marking the company's first quarter of GAAP profitability in the last 4 years.
Adjusted EBITDA Growth
Adjusted EBITDA was $16 million, up from $10.5 million in Q3 of '24, an increase of 52.9%.
Customer Base Expansion
Active PTV customers grew by 67% year-over-year, with calculated Q3 ARPU at $20,904.
Positive Forecast for Q4
Expected Q4 revenue between $85.5 million and $86.5 million, representing a 34% year-over-year growth rate at the midpoint when normalizing for the Maximum Effort divestiture.
Successful QuickFrame AI Launch
Launched QuickFrame AI, enabling advertisers to create complete TV spots in minutes, lowering barrier to entry for TV advertising.
Efficient Go-to-Market Strategy
Over 75% of leads are inbound, reflecting efficient marketing and sales strategy.