Significant Improvement in Adjusted EBITDA
Q3 2024 saw a $2.1 million improvement in adjusted EBITDA year-over-year, with a $4.8 million increase for the first 9 months, highlighting operational discipline and focus on margin expansion.
10% Revenue Growth
Revenue grew by 10% compared to the same period last year, showcasing the success of the company's technology-led strategy.
Major Contract Renewals
The company secured substantial renewals and new contracts, particularly in Australia, with improved pricing and terms.
AI-Driven Enhancements
Advancements in the NetScribe platform and AI-driven solutions led to a 30% productivity improvement among transcribers in Australia.
Positive Net Loss Reduction
Net loss was reduced to $1.1 million in Q3, an improvement of $3.3 million from the same period last year, and a $7.9 million reduction over the first 9 months.