The stock gained 11.9% following Q2 results that showcased robust revenue growth and margin expansion driven primarily by strong business subscription growth and promising AI initiatives, reflecting investor enthusiasm for the company’s accelerating momentum across key segments.
- Q2 revenue grew 25% year-over-year to $83.2 million, fueled by business customers including acquisitions and AirDial.
- Business subscription and services revenue jumped 38% year-over-year, with AirDial service revenue surging 75%.
- Adjusted EBITDA reached $12.4 million, or 15% of revenue, up from 10% just six quarters ago, indicating improving profitability.
- New AI-powered products launched at quarter-end (AI Transcriptions, AI Insights, AI Answering, AI Receptionist) are expected to enhance ARPU and upsell potential.
- Strategic partnership with Thryv announced, expanding distribution opportunities within targeted verticals.
Community Discussion