Record-Breaking Revenue and Growth
Fourth quarter 2024 revenue was a record $257.9 million, up 56.5% year-over-year. Full year 2024 revenue increased 41.9% to $871.7 million, exceeding long-term target of 20% top-line growth.
Strong Adjusted EBITDA Growth
Fourth quarter adjusted EBITDA was $27.3 million, up 36.9% year-over-year. For the full year 2024, adjusted EBITDA increased 62.2% to $94.2 million, surpassing long-term target of 20% to 30% growth.
Robust Customer Activity and Demand
The company signed clients in various industry verticals, including insurance, government agencies, utilities, banking and others, and onboarded clients across multiple verticals.
Financial Stability and Strong Cash Position
Ended the fourth quarter 2024 with total cash of $209.4 million with no debt, and generated $19 million of free cash flow during the quarter.