Significant Revenue Growth
Total revenue for the quarter reached $32 million, marking a 94% increase year-over-year. Recurring revenue accounted for 74% of the total.
Strong Annual Recurring Revenue (ARR)
ARR was $93.7 million, with organic growth of 15% and total growth of 75% from the previous year.
Successful Acquisitions
The acquisition of two large companies now represents 30% of the revenue, contributing significantly to the company's performance.
High Gross Margin
Gross margin was consistent at 81% of revenue, reflecting strong operational efficiency.
Robust Cash Position
The company closed the quarter with $123.8 million in cash and no debt.
Integration Success
Positive progress in integrating recent acquisitions, with a focus on cost reduction and synergies.