Stable Revenue Performance
The company reported combined company revenues of $490 million, which is in line with previous guidance, reflecting a stable performance despite a subdued market backdrop.
Strong Cash Position
The financial position at the year-end was strong with cash, cash equivalents, and short-term investments of around $354 million.
Successful Integration and Synergy Targets
The company is tracking well ahead of the year 1 operating cost synergy target of $5 million and is confident in meeting or exceeding the $45 million overall run rate synergies targeted by year 3.
AI Integration and Market Opportunity
The company is leveraging AI to improve business efficiency and product offerings, and is actively addressing the AI market segment.