Record QNX Revenue
QNX delivered an all-time record for quarterly revenue at $68.7 million, representing 10% year-over-year growth and beating expectations.
Strong Profitability and Cash Flow
Adjusted EBITDA for the total company was $28.7 million, representing a 20% margin. Operating cash flow was $17.9 million, up three times year over year.
Secure Communications Revenue Beat
Secure Communications delivered revenue of $67 million, exceeding the top end of guidance despite the U.S. government shutdown.
FedRAMP High Certification
Ad hoc achieved FedRAMP high certification, enabling significant U.S. government expansions this quarter.
Positive GAAP Net Income
GAAP net income improved by $24.2 million year over year to $13.7 million in Q3, marking the third consecutive quarter of GAAP profitability.
Increased Full-Year Guidance
The company raised the guidance midpoint for total company revenue by $6 million to a range of $531 to $541 million and adjusted EBITDA by $7.5 million to a range of $94 to $104 million.