Significant Revenue Growth
Q2 2025 revenues increased 55% year-over-year to $29.2 million, surpassing both consensus estimates and internal expectations.
Improved Adjusted EBITDA
Adjusted EBITDA for Q2 2025 was $5.8 million, marking an improvement of over $5 million compared to the previous year.
Debt Reduction
The company paid down $4.5 million of principal during Q2, which was $4 million above the scheduled debt payment.
Increase in Contracted Revenue
Contracted revenue increased by more than 30% year-over-year, positioning the company favorably for the second half of 2025.
High Net Revenue Retention
Net revenue retention rate remained strong at 121%, indicating robust customer retention and expansion.
Strong Financial Position
Operating cash flow was $8.4 million for the first half of 2025, with a cash balance of $16.6 million at the end of the quarter.