Core Insights - iCoreConnect, Inc. reported significant financial growth in Q3 2024, with total revenue increasing by 51% year-to-date and recurring revenue growing by 56% [2][3]. Financial Performance - For the nine months ending September 30, 2024, total revenue reached $8,599,262, up from $5,701,372 in the same period of 2023 [3]. - Quarterly revenue for Q3 2024 rose by 39% to $2,787,999 compared to $2,004,853 in Q3 2023 [3]. - Gross margin improved from 74% to 77% year-to-date [2]. Business Achievements - Subscription Software Services revenue surged by 56% year-to-date and 44% for the three-month period, driven by the adoption of iCorePay and iCoreVerifyPro [4]. - The launch of the iCoreEnterprise Platform in Q3 2024 allows access to 17 unique SaaS products with a single sign-on, enhancing usability and attracting larger enterprise clients [5]. Strategic Initiatives - iCoreConnect is focused on strengthening its market position through strategic growth initiatives and innovative solutions tailored to its expanding customer base [6].
iCoreConnect Achieves Robust Revenue Growth in Q3 With Expanding Customer Base