Revenue increased 6.4%
IFRS net loss reduced by 79.8%
Adjusted EBITDA* improved 48.8%
Cash flows from operations grew 20.0%
* Adjusted EBITDA is a non-IFRS measure and represent net loss before interest and other expense, income taxes, depreciation and amortization, stock-based compensation costs, restructuring charges, acquisition-related deferred revenue fair value adjustment, and foreign exchange loss.
Bookings increased 8.4% year-over-year, nearly twice the industry growth rate
Secured four monitoring contract wins related to 5G
Delivered adjusted EBITDA of $25.6 million, surpassing annual profitability target