do we have ignition? Avoiding the headline of 36% growth .
- Total expenses as a percentage of revenue(1) declines to 65% compared to 81% last year and 132% in Q3 2022
- Net cash used in operating activities decreased by $4.6 million from $5.5 million to $0.9 million year-over-year
- The Company achieves positive EBITDA(1) of $53 thousand, a significant improvement from a loss of $4.8 million in Q3 2023
- Adjusted EBITDA(1) improves by $4.6 million year-over-year from a loss of $3.8 million to positive $0.8 million
"
“Topline growth has been the story all along for Blackline but achieving positive EBITDA demonstrates that the Company is now truly reaching scale, and we have barely scratched the surface of what we can accomplish,” Slater continued.
Gross profit increased 48% to $19.9 million and gross margins improved to 59% from 54% last year. “Gross profit for the year to date is nearly equal to that of the entire 2023 year with our single strongest quarter still to come,” Slater added."
BUT still not cash flow positive ( supposedly soon) , 2 years behind schedule by my memory.I'll take a number thatstarts with $5