NEWS ER
Positive
First non-GAAP operating profit ($1.1M) in three years
SECaaS revenues grew 69% YoY to $4.7M
Revenue increased 5% sequentially and 3% YoY to $23.2M
Non-GAAP gross margin improved to 71.7%
Generated positive operating cash flow of $1.9M
Net cash increased by $2.0M vs previous quarter
First non-GAAP operating profit ($1.1M) in three years
SECaaS revenues grew 69% YoY to $4.7M
Revenue increased 5% sequentially and 3% YoY to $23.2M
Non-GAAP gross margin improved to 71.7%
Generated positive operating cash flow of $1.9M
Net cash increased by $2.0M vs previous quarter
Negative
GAAP operating loss of $0.2M
GAAP net loss of $0.2M ($0.01 per share)
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