Quorum Announces Q2 2025 Results

Core Insights - Quorum Information Technologies Inc. reported its Q2 2025 financial results, highlighting a 3% increase in total revenue compared to Q2 2024, reaching $10.3 million [6] - The company achieved an Adjusted EBITDA of $1.8 million in Q2 2025, a decrease of 7% from the previous year [6][2] - Quorum's organic growth in recurring revenue was 3% during Q2 2025, indicating a stable demand for its services [2] Financial Performance - Total Revenue: $10,279,565 in Q2 2025, up 3% from $9,950,948 in Q2 2024 [6] - SaaS Revenue: $7,285,284 in Q2 2025, a 1% increase from $7,235,908 in Q2 2024 [6] - BDC Revenue: $2,726,479 in Q2 2025, an 11% increase from $2,453,293 in Q2 2024 [6] - Gross Margin: $5,036,271 in Q2 2025, a 2% increase from $4,927,762 in Q2 2024 [6] - Net Income: $395,377 in Q2 2025, a 2% increase from $388,966 in Q2 2024 [6] - Adjusted EBITDA Margin: 18% in Q2 2025, down from 20% in Q2 2024 [6] Debt Management - Quorum successfully paid off its Cash Flow Loan component of the BDC Capital Loan Facility, totaling $0.8 million during Q2 2025 [2] Management Commentary - The President and CEO expressed gratitude towards employees for their contributions to achieving the quarterly results and emphasized the importance of the integrated suite of software solutions in driving growth [2]