Improved Cash Generation In 2025Operating and free cash flow turned strongly positive in 2025 after multi-year burn. Sustained positive cash generation increases self-funding capacity for R&D, product delivery and subscriptions, reduces refinancing needs, and supports a more resilient capital structure over multiple quarters.
Balance-sheet Repair: Positive Equity And Lower DebtReturn to positive shareholder equity in 2025 and meaningful debt reduction versus 2023–2024 materially repair the balance sheet. This improves solvency, expands strategic optionality for partnerships or M&A, and lowers refinancing risk—structural improvements that persist beyond a single quarter.
Recurring Revenue And Strategic PartnershipsClavister mixes product sales with recurring subscriptions and channel/service partnerships (cloud security, managed services). Recurring revenue and vendor partnerships raise revenue visibility, increase customer retention, and provide scalable go-to-market pathways that support durable growth across cycles.