Joseph Federico's questions to CUTR leadership • Q4 2023
Question
Speaking on behalf of Jon Block, he asked about the outlook for AviClear's recurring revenue, the status of dormant accounts, learnings from the international launch, and plans for new product introductions in the core business for 2024.
Answer
The procedural slowdown in AviClear was attributed to over 55% of the installed base becoming dormant. The company is now focused on helping accounts integrate the system successfully. The international launch is proceeding methodically in about 10 markets with positive initial feedback. A refreshed product platform is planned for launch around mid-2024, but other new product developments are not expected this year.