It filed its Q3 10-Q report for the nine months ended September 30, 2025 after the Nasdaq market closed on November 14th, 2025.
Net recognised revenue for the three months ended September 30, 2025 was $0.87 million, an increase of 71% from $0.51 million for the corresponding period in 2024. An additional $0.23 million of revenue was received from QID and fully earned but subject to deferred recognition under ASC 606. The majority of the increase ($313 thousand) was attributable to the Company's S&P 500 bank customer resulting from the Company entering into a contract amendment and extension with this customer extending the term until May 31, 2031 (subject to a right for the customer to cancel for convenience on 6 months notice), with minimum gross revenue exceeding $12.7 million. It included changes to the fee structure as well as new feature development and platform updates.
Net recognised revenue for the nine months ended September, 30 2025 was $2.23 million, a 41% increase from $1.59 million for the nine months ended 30 September 2024, with an additional $0.23 million of revenue received from QID and fully earned but subject to deferred recognition under ASC 606. As of September 30th, 2025, the Company had total received but deferred revenue of $0.33 million. The majority of ...
