Increase in Subscriptions
Total subscriptions rose to 1,121 by the end of the quarter, marking a 9% increase from the previous quarter and a 7% year-over-year growth.
Annual Recurring Revenue Growth
Annual recurring revenue grew by nearly $1 million compared to the prior quarter and over $1.4 million compared to last year.
Customer Retention and New Subscriptions
Subscription retention rate reached 92% going into Q4, with 70% net dollar retention, contributing $640,000 in increased annual spend.
Cash Flow from Operations
Cash flow from operations was strong at $1.5 million for the quarter and $2.3 million for the first 9 months of 2024.
Market Share Growth
Market share increased to 20.28% by the end of Q3, showing significant growth in industry volume.