Financial PerformanceQ3/24 adjusted EBITDA increased 32% YOY to $4.9 million, which exceeded estimates and marked the highest quarterly adjusted EBITDA since Q3/22.
Market DemandThe rates of decline in system-wide sales have lessened throughout 2024, indicating an improving demand outlook.
Revenue GrowthTotal revenue, including service revenue, increased 1.6% YOY to $9.4 million, exceeding the estimate of $8.9 million and the consensus of $9.0 million.