The company updated its guidance for full year 2025, remaining within its previous guidance range and narrowing the forecast to now expect total revenues of approximately $95 to $96M and adjusted EBITDA of approximately $10M; the previous guidance was a range of total revenues of $94 to $100M and adjusted EBITDA of $10 to $12M. “The company is seeing strength in overall demand and pipeline, as well as strong improvements in key sales metrics (e.g., win rates and contract values) in the corporate sector. This progress is balanced by challenges in the federal public sector over the course of the year and now in Q4 due to the extended federal government shutdown,” it stated.
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