Sequential Revenue Growth
Consolidated revenues increased by 3.4% quarter-over-quarter for Q1, building on a 7.5% sequential growth from Q4.
Strong Adjusted EBITDA Performance
Achieved adjusted EBITDA of $11.5 million, up 71.2% compared to Q4, with an adjusted EBITDA margin increase to 16.2% from 9.8% in Q4.
Content Delivery and Storage Segment Growth
Revenue in this segment jumped by 55% year-over-year and 30% quarter-over-quarter, reaching $11.2 million with a gross margin of 60.7%.
Telematics Segment Continues Profitable Performance
Telematics reported gross margins of 67.6% and added 14 new customers for the NERO Asset Tracking Platform.
Innovative Technological Advancements
Vecima showcased multiple industry-first innovations at the SCTE Tech Expo, including a demonstration of concurrent 50-gig PON and 10-gig EPON, enhancing their reputation as a technology leader.