Record Revenue and Growth
Record revenues of $9.2 million for Q3 2024, exceeding the previous high by $1.8 million and increasing 42% year-over-year.
Strong Adjusted EBITDA
Record adjusted EBITDA of $3.4 million for Q3 2024, a 49% increase year-over-year, with margins over 37%.
Fleet Expansion and High Utilization
Fleet size increased by 52% year-over-year to 1,150 security towers with utilization over 90%.
U.S. Market Expansion
Expansion into key U.S. markets such as Texas, Denver, and Las Vegas with a growing customer base.
Operational Efficiency
Gross margins increased to $5.4 million or 59% of revenues due to operational efficiencies and higher utilization rates.
New Product Line Introduction
Introduction and marketing of 50 Zbox units as a new product line.
Strategic Hires
Hiring of Randy Beck and Keith Aubele to focus on energy and retail customer expansion.