Q2 2025 Earnings Summary
Reported on Jan 1, 1970
Pre-Earnings Price$8.22Last close (Jul 14, 2025)
Post-Earnings Price$8.36Last close (Jul 16, 2025)
Price Change
$0.14(+1.70%)
| Metric | YoY Change | Reason |
|---|---|---|
Total Revenue Q1 2024 | +15% | The Q1 2024 revenue increase to $152.1 million was driven by higher subscription revenue, which rose its share from 96% to 98%, alongside an 18% uplift in SaaS subscription and support revenue; this growth more than compensated for a 24% decline in non‐subscription revenue. |
Total Revenue Q1 2025 | +10% | In Q1 2025, total revenue reached $167.6 million with growth primarily from a consistently high 98% subscription revenue; the increase was attributed to device expansion, cross-selling efforts, and adding new customers similar to previous periods, although the lower percentage growth relative to Q1 2024 may indicate maturing market conditions. |