The following is a summary of the OneSoft Solutions Inc. (OSSIF) Q4 2023 Earnings Call Transcript:

Financial Performance:

• OneSoft reported an annual revenue exceeding $10 million, a 50% year-over-year growth.

• Adjusted EBITDA improved by $1.9 million year-over-year, almost reaching breakeven.

• There was a $1.7 million positive swing in cash and cash equivalents compared to the previous fiscal year.

• Q4 2023 revenue was recorded at $2.9 million, marking a 33.4% increase compared to the same quarter last year.

Business Progress:

• OneSoft has actively pursued market expansion and added new customers from the United States, Canada, and Australia.

• The company made significant technological strides by developing SaaS solutions for increased operational efficiencies.

• The company's product line expanded with new modules integrating with CIM.

• The company expanded its alliance with Microsoft, enabling joint sales opportunities and boosting Microsoft Azure cloud platform adoption.

• The development team made significant progress with six major updates to the CIM platform.

• The company is anticipating signing international contracts this year as part of its market expansion.

• A key part of their growth strategy is the development and contracting of new modules for non-piggable pipe sections.

• A notable focus throughout the fiscal year was on employee expansion, retention, and training.

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