Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N
VHI.TO - Vitalhub Corp
Q3 2024 Vitalhub Corp Earnings Call
Nov 14, 2024 / 02:00PM GMT
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Presentation
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And recurring nature perpetual License revenue was 300,000 in the quarter, an increase of 1 100,000 of the five year period.
Our services hardware and other revenue was 2.3 million. A decrease of 1% year over year. The slight decrease is primarily attributable to the deployment of new and on ongoing customer projects. In the summer quarter is generally slower for services deployment.
At the end of Q3 2024 annual recurring revenue was 53.5 million. An increase of 25% over the prior year on a sequential basis. Annual recurring revenue increased 2.2 million or 4% over June 2024. Organic growth comprised 1.1 million of this increase or 2% in line with our expectations and historical trends.
In Q3 2024 gross margin was 81% of
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