Record Revenue Achievement
Total Q3 2024 revenues hit the high-end of guidance at $7.2 million, with $7 million attributed to NetNut, marking a 6.6% increase from Q3 2023.
Strong Cash Position
Cash and cash equivalents increased to $24 million by the end of Q3 2024, demonstrating strong cash flow generation and a profitable business model.
Fortune 200 Customer Win
A Fortune 200 company expanded its subscription to include the new Website Unblocker product, indicating strong product validation and potential for significant future revenue.
Positive Adjusted EBITDA
Q3 2024 adjusted EBITDA was $1.4 million, exceeding guidance despite higher operating expenses.
New Product Development
The AI data collector solution was highlighted as a major upcoming product, offering a competitive edge in data collection with its no-code interface and adaptive capabilities.