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$iCoreConnect (ICCT.US)$ Revenue Growth
For the nine months ending September 30, 2024, total revenue grew by 51% to $8,599,262, compared to $5,701,372 for the same period of 2023. Quarterly revenue rose 39% to $2,787,999 from $2,004,853 for the comparable three-month period.
Subscription Software Services revenue surged 56% year-to-date and 44% for the three-month period, driven by strong adoption of iCorePay and iCoreVerifyPro. These solutions, acquired in January 2024, have been seamlessly integrated into the iCoreEnterprise Platform. Core products, including iCoreRx, iCoreVerify, and other revenue cycle management (RCM) solutions contributed significantly to this growth.
Launch of iCoreEnterprise Platform
In the third quarter of 2024, iCoreConnect introduced the iCoreEnterprise Platform, enabling access to 17 unique SaaS products with a single sign-on. This innovation eliminates the need for multiple logins, enhancing usability and positioning the company to attract larger enterprise clients.
The unified platform not only improves customer experience but also exposes users to additional functionalities, increasing the likelihood of seamless product adoption and growth.
iCoreConnect continues to strengthen its market position through strategic growth initiatives and innovative solutions tailored to its expanding customer base.
For the nine months ending September 30, 2024, total revenue grew by 51% to $8,599,262, compared to $5,701,372 for the same period of 2023. Quarterly revenue rose 39% to $2,787,999 from $2,004,853 for the comparable three-month period.
Subscription Software Services revenue surged 56% year-to-date and 44% for the three-month period, driven by strong adoption of iCorePay and iCoreVerifyPro. These solutions, acquired in January 2024, have been seamlessly integrated into the iCoreEnterprise Platform. Core products, including iCoreRx, iCoreVerify, and other revenue cycle management (RCM) solutions contributed significantly to this growth.
Launch of iCoreEnterprise Platform
In the third quarter of 2024, iCoreConnect introduced the iCoreEnterprise Platform, enabling access to 17 unique SaaS products with a single sign-on. This innovation eliminates the need for multiple logins, enhancing usability and positioning the company to attract larger enterprise clients.
The unified platform not only improves customer experience but also exposes users to additional functionalities, increasing the likelihood of seamless product adoption and growth.
iCoreConnect continues to strengthen its market position through strategic growth initiatives and innovative solutions tailored to its expanding customer base.
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