Route1 has made significant progress in stabilizing its business model and growing its non-MobiKEY revenue streams. The company is optimistic about future EBITDA growth and financial stability. However, challenges remain, particularly with the decline in MobiKEY revenue and the impact of decreased VAR business. The sentiment is cautiously optimistic as Route1 continues to navigate its pivot to services.

Company Guidance

During the Q4 2023 earnings call for Route1, CEO Tony Busseri discussed the company's strategic pivot from a pure play software cybersecurity firm to a comprehensive services provider, emphasizing their focus on delivering video capture-based technologies. He highlighted several key metrics, noting a decrease in revenue by approximately $4.5 million due to a reduction in value-added reseller business and MobiKEY subscriptions, which affected gross margins by around $700,000. Despite this, the company saw stability and growth in other areas, achieving non-MobiKEY gross profit above $150,000 per quarter in two of the last four quarters. Additionally, Route1's recurring license plate recognition technology support agreements exceeded $1 million on an annualized basis by Q1 2024. Busseri also underscored the importance of fixed cost control to enhance EBITDA and expressed optimism about achieving over $1 million in trailing four-quarter EBITDA by the end of the first half of 2024, while maintaining a stable debt position and improving working capital.

Pivot to Services and Stabilization

Route1 has successfully pivoted from a pure play software cybersecurity company to an outcome-based services company, focusing on video capture-based technologies. The company reports stabilization in the fourth quarter of 2023, with a promising outlook for 2024.

Growth in Non-MobiKEY Business

The non-MobiKEY gross profit generation exceeded $150,000 in two of the last four quarters, indicating growth in professional services and support contracts.

Support Contracts Revenue Milestone

In Q1 2024, Route1 achieved more than $1 million in annualized revenue from support contracts, reflecting significant growth in the recurring revenue stream.

Improved Financial Metrics

Route1 anticipates exceeding $1 million in trailing four-quarter EBITDA by mid-2024, aiming for improved working capital and reduced third-party debt levels.

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Route1 Inc (TSE:ROI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:ROI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 16, 2018	2018 (Q2)	- / <0.01	0	―	―	―
Nov 06, 2018	2018 (Q3)	- / <0.01	-0.01	170.00% (+0.02)	―	―
May 23, 2019	2019 (Q1)	- / -	-0.002	―	―	―
May 23, 2019	2018 (Q4)	- / -0.01	-0.002	-600.00% (-0.01)	―	―
Aug 28, 2019	2019 (Q2)	- / -0.01	0.006	-350.00% (-0.02)	―	―
Nov 26, 2019	2019 (Q3)	- / 0.00	0.007	―	―	―
May 26, 2020	2019 (Q4)	- / >-0.01	-0.014	64.29% (<+0.01)	―	―
May 26, 2020	2020 (Q1)	- / -	-0.014	―	―	―
Aug 26, 2020	2020 (Q2)	- / >-0.01	-0.015	86.67% (+0.01)	―	―
Nov 25, 2020	2020 (Q3)	- / -0.01	0	―	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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TSE:ROI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 26, 2024	C$0.02	C$0.02	0.00%
Aug 20, 2024	C$0.03	C$0.03	0.00%
May 15, 2024	C$0.08	C$0.06	-25.00%
Apr 24, 2024	C$0.07	C$0.07	0.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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FAQ

When does Route1 Inc (TSE:ROI) report earnings?

Route1 Inc (TSE:ROI) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.

What is Route1 Inc (TSE:ROI) earnings time?

Route1 Inc (TSE:ROI) earnings time is at Apr 24, 2025, TBA Not Confirmed.

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:ROI EPS forecast?

Currently, no data Available

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