Third Quarter 2021 Financial Results All amounts are stated in United States dollars unless otherwise indicated
- Revenue increased on a sequential basis to $16.7 million
- Focus on growth continues to push year-to-date New Bookings(1) to $24.1 million versus $7.7 million during the same period last year
- Gross margin at record levels of 79%
- Net income of $3.8 million compared to a net loss of $29.2 million in Q3'20
- Adjusted EBITDA(1) of $5.9 million or 35%, versus $6.8 million in Q3'20, representing the fifth consecutive quarter of Adjusted EBITDA margin above 25%
- Balance sheet remains robust with $32.8 million(2) in cash to support growth
- Adjusted EPS(1) of $0.35
TORONTO, Nov. 10, 2021 /CNW/ - Optiva Inc. ("Optiva" or "the Company") (TSX:OPT), a leading provider of mission-critical, cloud-native revenue management software for the telecommunications industry, today released its third quarter financial results for the three-month period ended September 30, 2021.
"I am pleased with our continued success in executing our strategic objectives during Q3 with customer wins, increased bookings and strong cost management. We are in line with our fiscal year 2021 plan and, in some instances, ahead of expectations," said John Giere, President and Chief Executive Officer of Optiva. "We remain committed to being a very customer-centric organization, which combined with our industry expertise and first-mover advantage in the private and public cloud telco market, positions us extremely well to capture meaningful growth on the back of having established solid footing across all aspects of our business."
"Our customers continue to be very engaged with our team in exploring the most appropriate pathway to realize their long-term business goals balanced against their nearer-term immediate needs, bridging the gap to implement a full-cloud migration plan in strategic partnership with Optiva," added Giere.