Total Revenue

+9.6% (from $96.7M to $106.0M)

Total Revenue increased by 9.6% in Q1 2025 compared to Q1 2024. This growth was driven by the robust gains in both software and services segments, with software revenue rising approximately 18% and services revenue growing around 4%, building on the strong momentum from the previous period. " "

Software Revenue

+~18% (from $39.3M to $46.4M)

The Software Revenue increase reflects strong demand and effective integration of acquisitions such as Chemaxon, along with expanded relationships with existing customers. This performance shows an acceleration over Q1 2024, where a solid base allowed for further percentage improvements in this high-growth segment. " " " "

Services Revenue

+~4% (from $57.3M to $59.6M)

Services Revenue saw a modest increase driven by continued recovery in customer spending and incremental gains in technology-enabled services. While the growth is steadier than the software segment, it builds on a sustained improvement from Q1 2024, indicating consistent operational performance. " " " "

Operating Income

Improvement of ~$8.9M

Operating Income recovered sharply from a loss of $1,287K in Q1 2024 to $7,623K in Q1 2025. This turnaround is attributed to increased revenue and improved cost management, reversing prior period challenges such as higher overhead and non-recurring expenses from past goodwill impairments. " "

Net Income

Swing of ~$9.4M (from -$4,683K to $4,743K)

Net Income turned positive in Q1 2025 after a loss in Q1 2024. The change reflects not only the improvements in operating income but also benefits from lower tax expenses, reduced interest costs, and efficient expense control measures that remedied the negative trends observed in the previous period. " "

Operating Cash Flow

Down to $17,352K in Q1 2025

The Operating Cash Flow declined from $49,369K in Q4 2024 to $17,352K in Q1 2025. This reduction is primarily due to seasonal working capital effects, including changes in accounts receivable, prepaid expenses, and deferred revenue timing, which differ from the previous period's cash generation pattern. " "