Total Revenue (Q3 2023)

-6.6% (from $4.4M to $4.1M) " "

Transition to subscription recognized over time and sales force reduction lowered sales; economic headwinds also impacted results. " "

Product Revenue (Q3 2023)

-13.3% (from $2.5M to $2.2M) " "

Subscription transition and competition reduced upfront license sales, resulting in a decline in product revenue. " "

Total Revenue (Q3 2024)

+3.5% (from $4.1M to $4.2M) " "

Increased product revenue from the subscription and cloud model more than offset the decline in services. " "

Product Revenue (Q3 2024)

+14.1% (from $2.2M to $2.5M) " "

Growing demand for subscription licenses spurred product sales, demonstrating the success of the new revenue model. " "

Services Revenue (Q3 2024)

-8.9% (from $1.9M to $1.7M) " "

Customer migration from service contracts to subscription contributed to the services decline. " "

Total Revenue (Q4 2024)

>220% (from $1.58M to $5.1–$5.3M) " " "

Continued expansion of the subscription model and a strong sales pipeline drove a substantial revenue jump, reflecting broader market recovery. " " "