Record Revenue and Growth
Achieved 37th consecutive quarter of record revenue with Q1 2025 revenue at $9.7 million, marking a 20% year-over-year growth. Reached Rule of 40 with 20% adjusted EBITDA margins.
Strong Pipeline and Market Expansion
Significant pipeline growth in both the U.S. and Europe, with notable contributions expected from the reseller business in the second half. European sales team expanded to capture demand related to the European Accessibility Act.
Debt Refinancing and Financial Flexibility
Refinanced existing debt to a $20 million facility, reducing interest rates from 14% to approximately 7.5%, strengthening the company's cash position with $8.3 million in cash as of March 31, 2025.
Enterprise Channel Growth
Enterprise channel grew 26% year-over-year, contributing 43% of revenue and 42% of ARR.