Introduction of New Product - MTR
During the quarter, the company launched a new product called MTR, a radio tracking service. This product is anticipated to be potentially disruptive and offers valuable insights by combining data from MTR and Play MPE.
Positive Year-to-Date Revenue Growth
Year-to-date revenue increased by 2.5%, with a 4.9% increase in new customers and a 1.4% increase in total customers.
Innovative Analytics and Integration
The integration of MTR and Play MPE provides unique insights, including the timing of releases and their success. This is expected to drive future revenue growth.
EBITDA and Cash Flow
The company reports a slightly positive EBITDA of $37,000 and positive cash flow despite litigation and capital investments.