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Optiva Inc ( (TSE:OPT) ) has provided an announcement.
Optiva Inc. reported its fourth quarter 2024 financial results, highlighting a revenue of $12 million and a gross margin of 59%. Despite an adjusted EBITDA loss of $1.8 million, the company achieved significant business objectives, including customer retention and increased bookings. Optiva’s cloud-native solutions and AI integration have attracted new and existing customers, leading to successful upgrades and partnerships. The company is exploring strategic alternatives to optimize business outcomes, with a focus on refinancing options for its PIK Toggle Notes maturing in July 2025.
More about Optiva Inc
Optiva Inc. is a leader in the telecom industry, providing cloud-native billing, charging, and revenue management software on private and public clouds. The company focuses on enhancing telecom operations with advanced technologies, including agentic AI and 5G capabilities.
Average Trading Volume: 1,741
Technical Sentiment Signal: Buy
Current Market Cap: C$17.09M
For an in-depth examination of OPT stock, go to TipRanks’ Stock Analysis page.