Optiva Inc. Reports Third Quarter 2025 Financial Results

Core Insights - Optiva Inc. reported its third quarter financial results for the period ending September 30, 2025, highlighting a strategic transaction with Qvantel aimed at enhancing its market position in the telecom industry [1][6]. Financial Performance - Revenue for Q3 2025 was $10.1 million, a decrease from $12.0 million in Q3 2024 [5][7]. - Total Contract Value (TCV) bookings for Q3 were $13.4 million, with a trailing twelve-month TCV of $68.8 million [5][6]. - Gross margin for Q3 2025 was 55%, down from 58% in the same period of 2024, primarily due to lower revenue from high-margin services [11]. - Adjusted EBITDA loss for Q3 was $3.9 million, compared to a loss of $0.6 million in Q3 2024 [5][11]. - Net loss for Q3 was $5.7 million, compared to a net loss of $3.4 million in Q3 2024 [5][11]. - Cash balance at the end of Q3 was $8.1 million, down from $12.8 million in the previous year [5][11]. Strategic Developments - The strategic transaction with Qvantel is expected to close by the end of 2025, creating a combined entity with a competitive portfolio of AI-enabled BSS products [3][6]. - Optiva has secured a contract with a fast-growing MVNO in the APAC region for a full-stack BSS transformation, delivered as a managed SaaS solution [6]. - Móvil Éxito, Colombia's first MVNO launched by a retailer, renewed its BSS platform support agreement with Optiva for an additional three years [6]. - A Tier 1 telecom provider in the UK expanded its partnership with Optiva to implement innovative B2B services using Optiva's Application Server [6]. Industry Recognition - Optiva was named a finalist for the 2025 Glotel Awards in the category of MVNO Solution of the Year, reflecting its impact on the MVNO/E market [6].