Strong Revenue Growth
First quarter revenue increased by 11% year-over-year to $72 million, marking the third consecutive quarter of double-digit revenue growth.
Cloud Security Business Success
Cloud security ARR grew by 19% year-over-year to $80 million, with the expectation to reach close to $100 million by the end of the year.
Significant OEM Partnerships
Partnerships with Cisco and Checkpoint saw over 20% growth year-over-year, with notable deals including a million-dollar five-year cloud deal with a UK retailer.
Increased Non-GAAP Earnings
Non-GAAP earnings per share increased by 69% to $0.27, with adjusted EBITDA for Q1 2025 increasing by 72% to $10.8 million.
Geographical Revenue Growth
EMEA revenue increased by 25% year-over-year, while the Americas saw a 14% year-over-year growth over the trailing twelve months.