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].

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 position in the BSS market [1][5]. Financial Performance - Revenue for Q3 2025 was $10.1 million, a decrease from $12.0 million in Q3 2024 [6][9]. - Total Contract Value (TCV) bookings for Q3 were $13.4 million, with a trailing twelve-month TCV of $68.8 million [4][5]. - The 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 [9]. - Adjusted EBITDA loss for Q3 was $3.9 million, compared to a loss of $0.6 million in Q3 2024 [6][9]. - The net loss for Q3 2025 was $5.7 million, compared to a net loss of $3.4 million in Q3 2024 [6][10]. 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][5]. - Optiva has secured a contract with a fast-growing MVNO in the APAC region for a full-stack BSS transformation, delivered as a fully managed SaaS solution [5]. - Móvil Éxito, Colombia's first MVNO launched by a retailer, renewed its BSS platform support agreement with Optiva for an additional three years [5]. - A Tier 1 telecom provider in the UK expanded its partnership with Optiva to implement innovative B2B services using Optiva's Application Server [5]. Market Recognition - Optiva was named a finalist for the 2025 Glotel Awards in the category of MVNO Solution of the Year, reflecting its impact in the MVNO/E market [5].

Core Insights - Optiva Inc. reported its second quarter financial results for the period ending June 30, 2025, highlighting continued growth in bookings and customer acquisition [2][3]. Financial Performance - Revenue for Q2 2025 was $10.3 million, a decrease from $11.4 million in Q2 2024 [11][14]. - Total Contract Value (TCV) bookings for Q2 2025 reached $26.6 million, with a trailing twelve months TCV of $64.3 million [8][9]. - The gross margin for Q2 2025 was 49%, down from 56% in the same period last year, primarily due to lower high-margin support and subscription revenue [14]. - The adjusted EBITDA loss for Q2 2025 was $1.6 million, slightly improved from a loss of $1.7 million in Q2 2024 [11][14]. - The net loss for Q2 2025 was $4.4 million, compared to a net loss of $5.6 million in Q2 2024 [11][14]. Customer Acquisition and Strategic Developments - Optiva secured two new customers in Q2 2025, including a Tier 1 European mobile virtual network operator (MVNO) and a Tier 1 European telecom, bringing the total new customers to 13 over the past two years [3][9]. - A key existing customer, Digitel, renewed its BSS platform support agreement for an additional three years [9]. - Optiva was recognized as a finalist for the Most Innovative Telco AI/ML Product or Solution for the Leading Lights 2025 Awards [10]. Cash Position and Operational Updates - The company ended Q2 2025 with approximately $12.9 million in cash, sufficient to meet working capital commitments for the foreseeable future [5][14]. - Optiva has entered into a 45-day support agreement with 85% of noteholders to negotiate a strategic transaction, with expectations of reaching a binding agreement before the end of the forbearance period [4][19].

Core Insights - Optiva Inc. has been awarded the MVNOs World award for AI & Analytics Excellence for its BSS Platform, which enhances agility and scalability for MVNEs and MVNOs in the telecom market [1][2] - The platform's cloud-native and AI-driven architecture enables rapid digital onboarding and customer-centric offerings, significantly improving customer acquisition and reducing operational costs [2][3] - Key features such as eSIM enablement and advanced product catalogs allow MVNOs to quickly adapt to market demands, while AI agents provide insights for churn prediction and dynamic pricing [3][4] Company Overview - Optiva Inc. is a leading provider of cloud-native, agentic AI-powered revenue management software for the telecommunications industry, established in 1999 and listed on the Toronto Stock Exchange [6] - The company focuses on maximizing opportunities in digital, 5G, IoT, and emerging markets to drive business success [6] Product Features and Benefits - The Optiva BSS Platform includes AI agents that enhance customer experience through automation, improving resolution times and customer satisfaction [7] - Operational efficiency is increased through proactive management by AI agents, which reduces ticket resolution time and manual efforts [7] - Hyper-personalized engagement is facilitated by sales AI agents, enhancing customer loyalty and sales efficiency [7]

Core Insights - Optiva Inc. reported its first quarter financial results for the period ending March 31, 2025, highlighting a focus on cloud-native billing and revenue management solutions for the telecom industry [2][11]. Business Highlights - Optiva was selected by three existing customers for upgrades and renewals, including a next-generation BSS platform and an Intelligent Network platform upgrade [3][12]. - The company integrated advanced generative AI technology into its BSS and charging solutions, enhancing operational efficiency and customer experience [4][12]. - Optiva's partnership with BT Group was strengthened to implement innovative communication services, leveraging Optiva's latest Application Server [9]. Financial Performance - Revenue for Q1 2025 was $11.6 million, a slight decrease from $11.7 million in Q1 2024 [10][13]. - The company reported a net loss of $2.3 million, an improvement from a net loss of $6.0 million in the same period last year [10][14]. - Adjusted EBITDA for the quarter was $0.5 million, compared to a loss of $2.3 million in Q1 2024 [10][14]. - Gross margin increased to 64% from 58% year-over-year, attributed to higher support and subscription revenue [13]. Cash Position - As of March 31, 2025, Optiva had a cash balance of $8.0 million, down from $12.0 million at the end of Q1 2024 [10][14]. - The company is actively engaged with strategic third parties regarding its $108 million Secured Notes maturing on July 20, 2025, with over 75% of noteholders committed to support [5][6].