Latest news with #Optiva
Yahoo
4 days ago
- Business
- Yahoo
Optiva, PlektonLabs and Qeema Showcase How APIs and Dynamic Pricing Transform Telecom Monetization at DTW Ignite
In partnership with project Champions, AT&T, Bell, stc, TELUS, GCI and Acronym Solutions, the TM Forum Catalyst project demonstrates how telecom operators can evolve APIs into scalable, high-quality, on-demand services to unlock powerful new revenue opportunities. TORONTO, May 29, 2025 (GLOBE NEWSWIRE) -- Optiva Inc. (TSX:OPT), a global leader in BSS software for the telecommunications industry, PlektonLabs, a trusted leading system integrator serving global telecom industry and Qeema, a leading ICT solutions provider and systems integrator, today proudly announced a collaboration on a TM Forum Open Innovation Catalyst project to be showcased at DTW25 Ignite in Copenhagen June 17-19. The project, INFINITY: Unlocking revenue with APIs & dynamic pricing, introduces an innovative dynamic pricing solution. As cloud computing and AI advance rapidly, customers expect personalized, high-quality, on-demand services. INFINITY provides pricing flexibility that enables real-time adaptability, allowing telecom companies to meet diverse customer needs and changing consumption patterns. This approach satisfies evolving demands and creates new revenue streams to help telecoms stay competitive. "The need for dynamic pricing and billing is critical in today's rapidly evolving telecom landscape," said Bernhard Kraft, Head of Product Management at Optiva. "INFINITY empowers operators to move beyond fixed pricing, monetize their API ecosystem, and generate new revenue streams by adapting to demand and opportunity in real time with dynamic prices. It transitions networks from cost centers into responsive, agile profit engines." Traditional static pricing models limit operators' ability to maximize their 4G and 5G network capabilities, resulting in underutilized bandwidth and lost revenue. In contrast, dynamic pricing allows operators to adjust prices in real time based on network utilization and service demands, capitalizing on the advanced features of network slicing. During low utilization, operators can offer discounted or promotional slices to optimize resource allocation and increase revenue. During high network usage, it allows for monetization of premium network resources, offering enhanced services or dedicated slices at higher prices. This approach increases revenue while meeting user demands for network capacity and features, offering on-demand boosts at additional costs and unlocking significant upside revenue potential. INFINITY leverages proven industry standards, TM Forum's Open Digital Architecture (ODA) framework and Open APIs, and uses real-time network telemetry and GenAI-driven chatbots to deliver dynamic pricing capability. It allows customers, partners and cooperations to request QoD services, paying only for what they use, when they use it, optimizing network capacity and delivering premium, customer-centric user experiences. Operators can unlock untapped potential, address variable demand and leverage the solution's real-time adaptability for ongoing revenue growth. 'This project empowers CSPs to unlock real-time monetization through intelligent network strategies,' said Wahid Mohammad, CEO at PlektonLabs. 'Infinity becomes a rising standard within the TM Forum Framework, enabling telcos to propel their businesses forward.' Key Benefits of INFINITY: Enables dynamic pricing: Adapts pricing to real-time demand, customer needs and network capabilities and resources. Generates new revenue streams: Monetizes API ecosystems and tailored packages for B2B2C. Optimizes costs: Maximizes and prioritizes network capacity, aligning with customer intent and experience. Accelerates dynamic pricing with AI: Simplifies API discovery and easy adoption to use new CAMARA APIs on an AI-driven portal and supports dynamic quote management for easy monetization and real-time ordering. 'INFINITY showcases how collaborative design and real-world integration unlock measurable value from dynamic pricing and API ecosystems. This Catalyst proves that monetization isn't just about technology, it's about how seamlessly it fits into operations and delivers outcomes at scale,' said Ahmed Soliman, Chief Commercial Officer at Qeema. The Catalyst project, INFINITY: Unlocking revenue with APIs & dynamic pricing, will be showcased at DTW Ignite, kiosk 1.5. To learn more, visit TM Forum's INFINITY project page. About Optiva Inc. is a leading provider of mission-critical, cloud-native revenue management software for the telecommunications industry. Its products are delivered globally on the private and public cloud. The Company's solutions help service providers maximize digital, 5G, IoT and emerging market opportunities to achieve business success. Established in 1999, Optiva Inc. is listed on the Toronto Stock Exchange (TSX:OPT). For more information, visit For additional information, please contact: Media: Misann Ellmaker, media@ Investor Relations: investors-relations@ About PlektonLabsPlektonLabs partners with telecom leaders to unlock new possibilities through smarter architecture, agile integration, and dynamic monetization models. With deep expertise in API ecosystems and future-ready environments, we help communication service providers accelerate innovation and streamline operations. As the lead visionary behind the Infinity Catalyst project, PlektonLabs pioneered the concept and framework that reimagines how telecoms generate value through real-time pricing and intelligent APIs. See how we make the impossible, the inevitable at For more information, please contact: Media: Diana Cubas, About QeemaQeema is a leading system integrator and software house driving digital transformation across the Middle East. Headquartered in Saudi Arabia with a major presence in Egypt and operations across KSA, UAE, and Oman, we specialize in delivering value through advanced data management, AI, and enterprise solutions. With 300+ experts and strong references in telecom, utilities, healthcare, and education, Qeema partners with top-tier technology vendors to build scalable, future-ready platforms. We move with purpose — built on trust, driven by efficiency. For more information, visit For more information, please contact: Media:
Yahoo
13-05-2025
- Business
- Yahoo
Optiva Inc. Reports First Quarter 2025 Financial Results
All amounts are stated in United States dollars unless otherwise indicated Revenue of $11.6 million Total Contract Value ('TCV')(1) bookings of $6.3 million Gross margin of 64% Adjusted EBITDA(1) of $0.5 million EPS loss of $ 0.38 $8.0 million of cash TORONTO, May 13, 2025 (GLOBE NEWSWIRE) -- Optiva Inc. ('Optiva' or 'the Company') (TSX:OPT), a leader in powering the telecom industry with cloud-native billing, charging and revenue management software on private and public clouds, today released its first quarter financial results for the three-month period ended March 31, 2025. During the first quarter, Optiva was selected by three existing customers for upgrades, renewals and partnership expansions. A customer broadened its current partnership to incorporate Optiva's latest advanced Application Server and leverage Optiva's Open API framework. Additionally, a customer upgraded to a next-generation, full-stack BSS platform, and another selected Optiva for an Intelligent Network (IN) platform upgrade to be deployed with cloud infrastructure and a 5-year support renewal. Optiva has announced the integration of agentic AI, utilizing advanced generative AI (GenAI) technology powered by Google's Gemini models, into its BSS and charging solutions. At MWC in Barcelona, Spain, the Company unveiled its AI agents, Amica, Kairos and Sophos, which empower telecom operators with operational efficiency, cost savings and enhanced customer experience. Optiva agentic AI platform is currently being used in digital BSS transformations by customers in the Middle East and the Americas. It has been well received by customers, prospects and industry analysts and recognized with two industry awards: as a finalist for the TM Forum Excellence Awards in the category of Data & AI Innovation, to be announced in June, and winner of the 2025 MVNOs World Awards for AI & Analytics Excellence. Optiva's outstanding 9.75% Senior Secured PIK Toggle Notes, of which an aggregate principal amount of US$108 million is currently outstanding (the "Secured Notes"), are maturing on July 20, 2025. The Company's Special Committee is actively engaged with strategic third parties, including key holders of the Secured Notes, for purposes of evaluating strategic alternatives to optimize outcomes for the business, our people, and our customers. While Optiva expects that it will conclude the strategic process prior to the maturity of the Secured Notes, Optiva's largest noteholders, representing over 75% of the face value of Secured Notes, have committed to remaining supportive if a strategic transaction has not closed by July 20, 2025. Optiva does not foresee any business disruptions as a result of these discussions, as all stakeholders are committed to seeing the continued support of all of Optiva's new and existing customers. No agreement providing for any strategic transaction has been reached, and there can be no assurances that any transaction will result from Optiva's process for evaluating strategic alternatives. If Optiva's process for evaluating strategic alternatives results in an agreement regarding a transaction, there can be no assurances that any transaction will be completed or that there will be material consideration given to, or retained by, Optiva's shareholders. Optiva does not undertake any obligation to provide any update with respect to any strategic transaction or any other financial transaction, except as required under applicable laws. For more information about Optiva, please visit: Business Highlights TCV of Q1 bookings totaled $6.3 million. For the trailing twelve months, TCV of bookings totaled $50.9 million. BT Group, the UK's leading mobile and fixed telecommunications provider, broadened and strengthened its partnership with Optiva to implement innovative B2B and B2B2X BT network communication services using Optiva's latest state-of-the-art Application Server. Central to the initiative is Optiva Charging Engine, a cloud-native, open-architecture service creation platform that features Optiva's Open API framework. The advancement will enhance BT Group's ability to grow cutting-edge services and create new revenue opportunities. Cellular One selected Optiva to upgrade to a next-generation, full-stack BSS platform to better serve customers and capitalize on Cellular One's network upgrade to 4G LTE. Cellular One is a leading provider of mobile technology and wireless communications services for underserved tribal lands and rural communities in the American Southwest. Optiva has been a trusted partner to Cellular One for 12 years, leveraging technology innovations to drive business growth. Optiva's cloud-native BSS platform will be deployed on Cellular One's private cloud, guaranteeing faster time to market, monetization and operational flexibility. It will enable Cellular One to quickly expand its revenue streams and accelerate the launch of new business use cases. A Tier 1 telecom vendor in the APAC region has selected Optiva to provide a solution for its customer's Intelligent Network (IN) platform. The project marks a significant step forward in modernizing its mission-critical communications infrastructure. The upgrade transitions an existing platform to Optiva's latest cloud-native release, deployed on the private cloud infrastructure. Optiva will also provide a 5-year support renewal, ensuring long-term reliability and performance. The new solution delivers enhanced speed, scalability and resilience through its in-memory database architecture, which is fully compliant with industry standards, includes a refreshed original equipment manufacturer (OEM) stack and introduces new features tailored to support future needs and innovation plans. The Company announced that its Optiva BSS Platform and Optiva Charging Engine now seamlessly incorporate agentic AI using advanced generative AI (GenAI) technology powered by Google's Gemini models, enabling real-time insights using BigQuery and Looker. Optiva was named a finalist, together with customer Omantel, for Excellence in Data & AI Innovation by the TM Forum Excellence Awards. The nomination is for achieving significant business impact through innovative AI and data capabilities applications in implementing agentic AI, large language models (LLMs) and small language models (SLMs) for intelligent telco operations and business growth. On May 13, 2025, subsequent to the quarter end, Optiva was named winner for AI & Analytics Excellence by the MVNOs World Awards. The award recognizes solution providers leveraging AI and analytics to enhance MVNO decision-making, streamline operations and create smarter customer insights. First Quarter 2025 Financial Results Highlights: Q1 Fiscal 2025 Highlights Three Months Ended ($ US Millions, except per share information) March 31, (Unaudited) 2025 2024 Revenue 11.6 11.7 Net Income (Loss) (2.3 ) (6.0 ) Earnings (Loss) Per Share ($0.38 ) ($0.98 ) Adjusted EBITDA(1) 0.5 (2.3 ) Cash from (used in) operating activities (3.1 ) (3.4 ) Total cash, including restricted cash 8.0 12.0 Revenue for Q1'25 was $11.6 million. On a year-over-year basis, the change by revenue type included a $0.2 million increase in support and subscription revenue, $0.2 million decrease in software and services revenue and $0.1 million decrease in third party software and hardware revenue. The increase in support and subscription in the period mainly relates to the support revenue from new customers. The year-over-year decrease in software and services revenue reflects fewer software implementations in the period. Gross margin for Q1'25 was 64% compared to 58% during the same period in 2023. The increase in gross margin is primarily attributable to higher revenue from high margin support and subscription revenue and low amount of customizations with lower margins ordered by customers that required fulfillment, compared to the previous period. We expect our gross margins may fluctuate as our cloud-native model and product capabilities are adopted by new and existing customers in the public or private cloud in future periods. Adjusted Earnings before interest, taxes, depreciation and amortization ("EBITDA")1 for Q1 was a gain of $0.5 million as compared to loss of $2.3 million during the same period in 2024. Net loss for Q1 was $2.3 million compared to a net loss of $6.0 million during the same period in 2024. The net loss for the three months ended March 31, 2025, was lower mainly due to the lower operations expenses incurred during the period compared to last year. The company's lower operating expenses reflect ongoing efforts to optimize resources in support of our product roadmap, customer service, expanding our customer base, and administrative needs. The Company ended the first quarter with a cash balance of $8.0 million (including restricted cash). (1) EBITDA, Adjusted EBITDA, TCV and adjusted EPS are non-IFRS measures. These measures are defined in the "Non-IFRS Financial Measures" section of this news release. Non-IFRS Measures 'EBITDA" and "Adjusted EBITDA" are not financial measures calculated and presented in accordance with International Financial Reporting Standards (IFRS) and should not be considered in isolation or as a substitute to net income (loss), operating income or any other financial measures of performance calculated and presented in accordance with IFRS, or as an alternative to cash flow from operating activities as a measure of liquidity. The Company defines EBITDA as net income (loss) excluding amounts for depreciation and amortization, other income, finance costs, finance income, income tax expense (recovery), foreign exchange gain (loss) and share-based compensation. The Company defines "Adjusted EBITDA" as EBITDA (as defined above), excluding restructuring costs, one-time provision amounts and other one-time unusual items. The Company believes that Adjusted EBITDA is a metric that investors may find useful in understanding the Company's financial position. The following table provides a reconciliation of Net Income to EBITDA and Adjusted EBITDA (in thousands of U.S. dollars). Three months ended March 31, 2025 2024 Net loss for the period $ (2,339 ) $ (6,032 ) Add back / (subtract): Depreciation of computer equipment 113 179 Finance income (88 ) (193 ) Finance costs 2,906 2,829 Income tax expense (recovery) 201 239 Foreign exchange loss (gain) (85 ) 162 Share-based compensation (249 ) 507 EBITDA and Adjusted EBITDA $ 459 $ (2,309 ) TCV is the Total Contract Value of all bookings closed in the period. About Optiva Optiva Inc. is a leader in powering the telecom industry with cloud-native billing, charging and revenue management software on private and public clouds. Its products are delivered globally on the private and public cloud. The Company's solutions help service providers maximize digital, 5G, IoT and emerging market opportunities to achieve business success. Established in 1999, Optiva Inc. is listed on the Toronto Stock Exchange (TSX: OPT). For more information, visit Caution Concerning Forward-Looking Statement Certain statements in this document may constitute "forward-looking" statements that involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this document, such statements use such words as "may," "will," "expect," "continue," "believe," "plan," "intend," "would," "could," "should," "anticipate" and other similar terminology. Forward-looking statements in this document include statements regarding the Company's "qualified pipeline", the TCV of the qualified pipeline and the Company's expectations regarding future revenues. We draw your attention to the "Risks and Uncertainties" section of the Company's management's discussion and analysis for the quarter ended March 31,2025, and to note 1 of our consolidated financial statements which indicate the existence of material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern. The Company had a working capital deficit (current assets less current liabilities) of $98.6 million as at March 31, 2025 (December 31, 2024 – working capital deficit of $94.8 million), reflecting inclusion of the 9.75% secured PIK toggle debentures due July 20, 2025 (the 'Debentures') as a current liability. The Debentures in the amount of $108.6 million as of March 31, 2025, have a maturity date of July 20, 2025. Based on the cash balance as of March 31, 2025 and the forecasted cash flows from operations to the Debentures maturity date on July 20, 2025, the Company expects to have insufficient cash to meet its obligations upon maturity of the Debentures in July 2025. The Company's board of directors has formed a Special Committee which is actively engaged with strategic third parties, including key holders of the Secured Notes, for purposes of evaluating strategic alternatives to optimize outcomes for the business, our people, and our customers. The Company's ability to continue its operations is dependent upon its ability to refinance this debt or implement other financial alternatives, including other sources of financing through debt or equity, however there is no assurance that this will be successful. These factors indicate the existence of a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern. These statements are forward-looking as they are based on our current expectations, as at May 13, 2025, about our business and the markets we operate in and on various estimates and assumptions. Our actual results could materially differ from our expectations if known or unknown risks affect our business or if our estimates or assumptions turn out to be inaccurate. As a result, there is no assurance that any forward-looking statements will materialize. Risks that could cause our results to differ materially from our current expectations include the risk that the Company will not secure contracts with customers that are included in its qualified pipeline, the risk that existing customers may decrease their spend with the Company and other risks that are discussed in the Company's most recent Annual Information Form, available on SEDAR at and Optiva's website at Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Optiva does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. For additional information, please contact: Media Contact: Misann Ellmakermedia@ Investor Relations: investors-relations@ OPTIVA Inc. Condensed Consolidated Interim Statements of Financial Position (Expressed in thousands of U.S. dollars) (Unaudited) March 31, December 31, 2025 2024 Assets Current assets: Cash and cash equivalents $ 6,547 $ 10,217 Trade accounts and other receivables 6,358 7,229 Unbilled revenue 10,090 9,292 Prepaid expenses 1,916 1,994 Income taxes receivable 332 346 Other assets 1,050 1,034 Total current assets 26,293 30,112 Restricted cash 1,476 843 Computer Equipment 459 571 Deferred income taxes 453 475 Other assets 2,651 2,712 Long-term unbilled revenue 309 384 Pension and other long-term employment benefit plans 3,386 2,773 Goodwill 32,271 32,271 Total assets $ 67,298 $ 70,141 Liabilities and Shareholders' Equity (Deficit) Current liabilities: Trade payables $ 1,686 $ 1,940 Accrued liabilities 10,607 14,229 Income taxes payable 1,620 3,367 Deferred revenue 2,918 2,688 Debentures 108,126 102,701 Total current liabilities 124,957 124,925 Deferred revenue 70 64 Other liabilities 1,359 1,768 Deferred income taxes 81 126 Total liabilities 126,467 126,883 Shareholders' equity (deficit): Share capital 270,746 270,746 Contributed surplus 15,221 15,309 Deficit (350,901 ) (348,562 ) Accumulated other comprehensive income 5,765 5,765 Total shareholders' equity (deficit) (59,169 ) (56,742 ) Total liabilities and shareholders' equity (deficit) $ 67,298 $ 70,141 OPTIVA Inc. Condensed Consolidated Interim Statements of Comprehensive Income (loss) (Expressed in thousands of U.S. dollars, except per share and share amounts) (Unaudited) Three months ended, March 31, 2025 2024 Revenue: Support and subscription $ 7,500 $ 7,330 Software licenses, services and other 4,092 4,374 11,592 11,704 Cost of revenue 4,127 4,888 Gross profit 7,465 6,816 Operating expenses: Sales and marketing 1,924 2,756 General and administrative 1,675 3,017 Research and development 3,271 4,038 6,870 9,811 Income (loss) from operations 595 (2,995 ) Foreign exchange gain (loss) 85 (162 ) Finance income 88 193 Finance costs (2,906 ) (2,829 ) Loss before income taxes (2,138 ) (5,793 ) Income tax expense (recovery): Current 226 294 Deferred (25 ) (55 ) 201 239 Total net loss and comprehensive loss $ (2,339 ) $ (6,032 ) Net loss per common share Basic $ (0.38 ) $ (0.98 ) Diluted (0.38 ) (0.98 ) Weighted average number of common shares (thousands): Basic 6,213 6,180 Diluted 6,213 6,180 OPTIVA Inc. Condensed Consolidated Interim Statements of Cash Flows (Expressed in thousands of U.S. dollars) (Unaudited) Three month ended March 31, 2025 2024 Cash provided by (used in): Operating activities: Net loss for the year $ (2,339 ) $ (6,032 ) Adjustments for: Depreciation of property and equipment 113 179 Finance income (88 ) (193 ) Finance costs 2,906 2,829 Pensions (447 ) (87 ) Income tax expense 201 239 Unrealized foreign exchange (gain) / loss (165 ) (314 ) Share-based compensation (249 ) 507 Change in non-cash operating working capital (974 ) (300 ) (1,042 ) (3,172 ) Interest paid - - Interest received 88 172 Income taxes received (paid) (2,115 ) (436 ) (3,069 ) (3,436 ) Financing activities: Payment of interest on debentures - (5,086 ) - (5,086 ) Investing activities: Purchase of property and equipment - (200 ) Decrease (increase) in restricted cash (632 ) 9 (632 ) (191 ) Effect of foreign exchange rate changes on cash and cash equivalents 31 314 Decrease in cash and cash equivalents (3,670 ) (8,399 ) Cash and cash equivalents, beginning of period 10,217 19,642 Cash and cash equivalents, end of period $ 6,547 $ 11,243
Yahoo
25-03-2025
- Business
- Yahoo
Optiva Inc. Reports Fourth Quarter 2024 Financial Results
All amounts are stated in United States dollars unless otherwise indicated Revenue of $12.0 million Total Contract Value ('TCV')(1) bookings of $22.5 million Gross margin of 59% Adjusted EBITDA(1) loss of $1.8 million EPS loss of $ 0.76 $11.1 million of cash TORONTO, March 25, 2025 (GLOBE NEWSWIRE) -- Optiva Inc. ('Optiva' or 'the Company') (TSX:OPT), a leader in powering the telecom industry with cloud-native billing, charging and revenue management software on private and public clouds, today released its fourth quarter financial results for the three-month and full-year period ended December 31, 2024. In the fourth quarter, Optiva was selected by one new customer for a total of five new customers in 2024. Additionally, five existing customers chose Optiva for upgrades, renewals and partnership expansions. These included an upgrade and migration of Optiva Charging Engine to private cloud, as well as an upgrade of Optiva Charging Engine to a cloud-native, 5G-enabled platform with enhanced monetization capabilities. Another customer extended its partnership with Optiva to incorporate Optiva BSS Platform for multiplay services. Furthermore, a customer expanded its existing partnership to implement Optiva's latest state-of-the-art Application Server. Additionally, in the fourth quarter, Optiva announced that its BSS platform and charging engine now incorporate agentic AI using advanced generative AI (GenAI) technology powered by Google's Gemini models. Additionally, Optiva was selected as a nominee for the TM Forum Excellence Awards for Excellence in Data & AI Innovation. Optiva accomplished many of its business objectives for 2024, including customer retention, increased bookings and successful cloud upgrades and transformations. The market acknowledged these accomplishments, evidenced by a 20% increase in meeting traffic at Mobile World Congress 2025, building on a strong showing in 2024. Both new and existing customers were attracted to Optiva's demonstrations of agentic AI, API monetization capabilities and MVNO hubs strategy. 'Optiva MNVO Hubs are particularly appealing to MVNEs and larger MVNOs where we can deliver our best-of-suite BSS in a multi-tenant hub environment rapidly at a competitive price. Operators recognize that a fully digital BSS is crucial for achieving the ultra-low operating costs necessary in today's competitive landscape,' said Robert Stabile, Chief Executive Officer of Optiva. Optiva's PIK Toggle Notes mature on July 25, 2025, and the Special Committee of the board has been engaged with key noteholders about refinancing options. In addition, as part of its mandate, the Committee is actively engaged with third parties to assess strategic alternatives to optimize outcomes for the business and our customers. For more information about Optiva, please visit: Business Highlights TCV of Q4 bookings totaled $22.5 million. For the year ended December 31, 2024, TCV of bookings totaled $66.3 million. Omantel, the first and leading provider of integrated telecommunication and ICT services in Oman, and Optiva successfully completed a complex real-time rating and charging transformation project. Over 200 Omantel products and services across all business lines were migrated and upgraded to Optiva's convergent charging engine, hosted on Omantel's private cloud. This enabled innovative use cases for consumers and enterprises powered by GenAI and 5G technologies. BH Telecom, the leading telecom operator in Bosnia and Herzegovina, signed a multi-year agreement with Optiva to upgrade Optiva Charging Engine to a cloud-native, 5G-enabled platform with enhanced monetization capabilities. The upgrade will allow BH Telecom to launch new products and services faster using Optiva's cloud-native agility, automation and Optiva Testing Framework. It will also strengthen BH Telecom's market position, empowering it to lead its market in 5G services and deliver on its commitment to enhance service quality and customer experience. Afghan Wireless Communication Company (AWCC), Afghanistan's first and largest wireless communications company, signed a multi-year renewal agreement with Optiva. The agreement includes expanding Optiva software to a cloud platform, which will increase AWCC's capacity to support the growing demand for its services. A newly established greenfield telecommunications operator in sub-Saharan Africa has selected Optiva to deliver a comprehensive end-to-end digital BSS stack. The partnership will enable the operator to effectively deploy its new 5G network and launch its services to the market. On February 12, 2025, subsequent to quarter-end, the Company announced that its Optiva BSS Platform and Optiva Charging Engine now seamlessly incorporate agentic AI using advanced generative AI (GenAI) technology powered by Google's Gemini models, enabling real-time insights using BigQuery and Looker. Optiva's agentic AI-powered BSS will enable operators to achieve measurably improved outcomes by enhancing operational efficiency, cost savings, customer experience and business productivity. The agentic AI platform is already being used in digital BSS transformations by Optiva customers in the Middle East and the Americas. On February 14, 2025, subsequent to quarter-end, Optiva was selected as a nominee for Excellence in Data & AI Innovation by the TM Forum Excellence Awards. The nomination is for achieving significant business impact through innovative AI and data capabilities applications in implementing agentic AI, large language models (LLMs) and small language models (SLMs) for intelligent telco operations and business growth. On February 20, 2025, subsequent to quarter-end, BT Group, the UK's leading mobile and fixed telecommunications provider, broadened and strengthened its partnership with Optiva to implement innovative B2B and B2B2X BT network communication services using Optiva's latest state-of-the-art Application Server. Central to the initiative is Optiva Charging Engine, the cloud-native, open-architecture service creation platform featuring Optiva's Open API framework. The advancement will enhance BT Group's ability to grow cutting-edge services and create new revenue opportunities. Fourth Quarter 2024 Financial Results Highlights: Q4 Fiscal 2024 Highlights Three Months Ended Twelve Months Ended ($ US Millions, except per share information) December 31, December 31, (Unaudited) 2024 2023 2024 2023 Revenue 12.0 12.0 47.1 47.5 Net Income (Loss) (4.7 ) (4.0 ) (19.7 ) (12.3 ) Earnings (Loss) Per Share ($0.75 ) ($0.65 ) ($3.17 ) ($1.98 ) Adjusted EBITDA(1) (1.8 ) (1.8 ) (6.4 ) (1.9 ) Cash from (used in) operating activities (2.1 ) (0.9 ) 0.4 (3.2 ) Total cash, including restricted cash 11.1 20.4 11.1 20.4 Revenue for Q4'24 was $12.0 million. On a year-over-year basis, the change by revenue type included a $0.4 million increase in support and subscription revenue and a $0.4 million decrease in software and services revenue. The increase in support and subscription in the period mainly relates to the support revenue from new customers in the Americas. The year-over-year decrease in software and services revenue reflects fewer software implementations in the period. Gross margin for Q4'24 was 59% compared to 63% during the same period in 2023. The decline in gross margin is primarily attributable to customizations with lower margins ordered by customers that required fulfillment, compared to the previous period. We expect our gross margins may fluctuate as our cloud-native model and product capabilities are adopted by new and existing customers in the public or private cloud in future periods. General and administrative expenses ('G&A') decreased to $2.7 million compared to $3.1 million during the same period in 2023. The decrease is mainly due to lower share-based compensation. Excluding the share-based compensation, amortization and depreciation, G&A expenses remained the same at $3.0 million or 25% of total revenue for the three months ended December 31, 2024 and 2023. Adjusted Earnings before interest, taxes, depreciation and amortization ("EBITDA")1 for Q4 remained the same at a loss of $1.8 million as compared to loss of $1.8 million during the same period in 2023. Net loss for Q4 was $4.7 million compared to a net loss of $4.0 million during the same period in 2023. The net loss for the three months ended December 31, 2024, was higher mainly due to the foreign exchange loss during the period compared to a gain last year. The Company ended the fourth quarter with a cash balance of $11.1 million (including restricted cash). (1) EBITDA, Adjusted EBITDA, TCV and adjusted EPS are non-IFRS measures. These measures are defined in the "Non-IFRS Financial Measures" section of this news release. Non-IFRS Measures 'EBITDA" and "Adjusted EBITDA" are not financial measures calculated and presented in accordance with International Financial Reporting Standards (IFRS) and should not be considered in isolation or as a substitute to net income (loss), operating income or any other financial measures of performance calculated and presented in accordance with IFRS, or as an alternative to cash flow from operating activities as a measure of liquidity. The Company defines EBITDA as net income (loss) excluding amounts for depreciation and amortization, other income, finance costs, finance income, income tax expense (recovery), foreign exchange gain (loss) and share-based compensation. The Company defines "Adjusted EBITDA" as EBITDA (as defined above), excluding restructuring costs, one-time provision amounts and other one-time unusual items. The Company believes that Adjusted EBITDA is a metric that investors may find useful in understanding the Company's financial position. The following table provides a reconciliation of Net Income to EBITDA and Adjusted EBITDA (in thousands of U.S. dollars). Three months ended, December 31, Year ended, December 31, 2024 2023 2024 2023 Net loss for the period $ (4,690 ) $ (4,009 ) $ (19,677 ) $ (12,255 ) Add back / (subtract): Depreciation of computer equipment 130 175 587 657 Amortization of intangible assets - - - 361 Finance income (111 ) (283 ) (571 ) (599 ) Finance costs 2,958 2,860 11,504 10,050 Income tax expense (recovery) (143 ) (128 ) 794 1,968 Foreign exchange loss (gain) 101 (566 ) 392 77 Share-based compensation (226 ) 150 373 (1,660 ) Loss on disposal of computer equipment 192 - 192 - EBITDA (1,789 ) (1,801 ) (6,406 ) (1,401 ) Other income - - - (498 ) Adjusted EBITDA $ (1,789 ) $ (1,801 ) $ (6,406 ) $ (1,899 ) TCV is the Total Contract Value of all bookings closed in the period. About Optiva Optiva Inc. is a leader in powering the telecom industry with cloud-native billing, charging and revenue management software on private and public clouds. Its products are delivered globally on the private and public cloud. The Company's solutions help service providers maximize digital, 5G, IoT and emerging market opportunities to achieve business success. Established in 1999, Optiva Inc. is listed on the Toronto Stock Exchange (TSX: OPT). For more information, visit Caution Concerning Forward-Looking Statement Certain statements in this document may constitute "forward-looking" statements that involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this document, such statements use such words as "may," "will," "expect," "continue," "believe," "plan," "intend," "would," "could," "should," "anticipate" and other similar terminology. Forward-looking statements in this document include statements regarding the Company's "qualified pipeline", the TCV of the qualified pipeline and the Company's expectations regarding future revenues. We draw your attention to the "Risks and Uncertainties" section of the Company's management's discussion and analysis for the quarter ended December 31, 2024, and to note 2 of our consolidated financial statements which indicate the existence of material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern. The Company had a working capital deficit (current assets less current liabilities) of $94.8 million as at December 31, 2024 (December 31, 2023 – working capital of $27.8 million), reflecting the reclassification of 9.75% secured PIK toggle debentures due July 20, 2025 (the 'Debentures'), from non-current to current liabilities. The Debentures in the amount of $103.5 million as of December 31, 2024, have a maturity date of July 20, 2025. Based on the cash balance as of December 31, 2024 and the forecasted cash flows from operations to the Debentures maturity date on July 20, 2025, the Company expects to have insufficient cash to meet its obligations upon maturity of the Debentures in July 2025. The Company's board of directors has formed a Special Committee that is in active discussions with key Debenture holders regarding refinancing options. The Company's ability to continue its operations is dependent upon its ability to refinance this debt or implement other financial alternatives, including other sources of financing through debt or equity, however there is no assurance that this will be successful. These factors indicate the existence of a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern. These statements are forward-looking as they are based on our current expectations, as at March 25, 2025, about our business and the markets we operate in and on various estimates and assumptions. Our actual results could materially differ from our expectations if known or unknown risks affect our business or if our estimates or assumptions turn out to be inaccurate. As a result, there is no assurance that any forward-looking statements will materialize. Risks that could cause our results to differ materially from our current expectations include the risk that the Company will not secure contracts with customers that are included in its qualified pipeline, the risk that existing customers may decrease their spend with the Company and other risks that are discussed in the Company's most recent Annual Information Form, available on SEDAR at and Optiva's website at Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Optiva does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. For additional information, please contact: Media Contact: Misann Ellmakermedia@ Investor Relations: investors-relations@ OPTIVA Inc. Consolidated Statements of Financial Position (Expressed in thousands of U.S. dollars) As at December 31, 2024 and December 31, 2023 2024 2023 Assets Current assets: Cash and cash equivalents $ 10,217 $ 19,642 Trade accounts and other receivables 7,229 7,504 Unbilled revenue 9,292 14,362 Prepaid expenses 1,994 2,185 Income taxes receivable 346 3,633 Other assets 1,034 480 Total current assets 30,112 47,806 Restricted cash 843 793 Computer Equipment 571 963 Deferred income taxes 475 383 Other assets 2,712 1,371 Long-term unbilled revenue 384 727 Pension and other long-term employment benefit plans 2,773 - Goodwill 32,271 32,271 Total assets $ 70,141 $ 84,314 Liabilities and Shareholders' Equity (Deficit) Current liabilities: Trade payables $ 1,940 $ 2,256 Accrued liabilities 14,229 11,919 Income taxes payable 3,367 4,299 Deferred revenue 2,688 1,555 Debentures 102,701 - Total current liabilities 124,925 20,029 Deferred revenue 64 206 Other liabilities 1,768 1,702 Pension and other long-term employment benefit plans - 132 Debentures - 101,348 Deferred income taxes 126 185 Total liabilities 126,883 123,602 Shareholders' equity (deficit): Share capital 270,746 270,610 Contributed surplus 15,309 15,117 Deficit (348,562 ) (328,885 ) Accumulated other comprehensive income 5,765 3,870 Total shareholders' equity (deficit) (56,742 ) (39,288 ) Total liabilities and shareholders' equity (deficit) $ 70,141 $ 84,314 OPTIVA Inc. Consolidated Statements of Comprehensive Income (loss) (Expressed in thousands of U.S. dollars, except per share and share amounts) Years ended December 31, 2024 and December 31, 2023 2024 2023 Revenue: Support and subscription $ 30,422 $ 31,306 Software licenses, services and other 16,659 16,200 47,081 47,506 Cost of revenue 19,830 16,892 Gross profit 27,251 30,614 Operating expenses: Sales and marketing 9,512 10,347 General and administrative 9,903 7,765 Research and development 15,394 13,759 34,809 31,871 Loss from operations (7,558 ) (1,257 ) Foreign exchange loss (392 ) (77 ) Other income - 498 Finance income 571 599 Finance costs (11,504 ) (10,050 ) Loss before income taxes (18,883 ) (10,287 ) Income tax expense (recovery): Current 956 2,223 Deferred (162 ) (255 ) 794 1,968 Loss for the year (19,677 ) (12,255 ) Other comprehensive income (loss): Items that will not be reclassified to net income: Actuarial gain (loss) on pension and non-pension post-employment benefit plans, net of income tax expense of nil (2023 - nil): 1,895 (179 ) Total comprehensive loss $ (17,782 ) $ (12,434 ) Net loss per common share Basic $ (3.17 ) $ (1.98 ) Diluted (3.17 ) (1.98 ) Weighted average number of common shares (thousands): Basic 6,205 6,179 Diluted 6,205 6,179 OPTIVA Inc. Condensed Consolidated Interim Statements of Cash Flows (Expressed in thousands of U.S. dollars) Years ended December 31, 2024 and December 31, 2023 2024 2023 Cash provided by (used in): Operating activities: Net loss for the year $ (19,677 ) $ (12,255 ) Adjustments for: Depreciation of property and equipment 587 657 Amortization of intangible assets - 361 Finance income (571 ) (599 ) Finance costs 11,504 10,050 Pensions (994 ) (793 ) Income tax expense 794 1,968 Unrealized foreign exchange (gain) / loss (691 ) 220 Share-based compensation 373 (1,660 ) Loss on disposal of property and equipment 192 - Change in non-cash operating working capital 7,393 575 (1,090 ) (1,476 ) Interest paid (28 ) (11 ) Interest received 505 438 Income taxes received (paid) 1,028 (2,198 ) 415 (3,247 ) Financing activities: Issuance of debentures - 13,500 Transaction costs on debentures - (776 ) Payment of interest on debentures (10,104 ) (8,775 ) (10,104 ) 3,949 Investing activities: Purchase of property and equipment (378 ) (395 ) Decrease (increase) in restricted cash (50 ) 1,155 (428 ) 760 Effect of foreign exchange rate changes on cash and cash equivalents 692 (206 ) Increase (decrease) in cash and cash equivalents (9,425 ) 1,256 Cash and cash equivalents, beginning of period 19,642 18,386 Cash and cash equivalents, end of period $ 10,217 $ 19,642
Zawya
19-02-2025
- Business
- Zawya
Optiva is taking Gemini-powered agentic AI-powered BSS to MWC
Telecom industry cloud-native billing, charging, and revenue management software firm Optiva, will unveil its agentic AI-powered business support systems (BSS) platform at Mobile World Congress (MWC) Barcelona next month. The new platform leverages generative AI capabilities of Google's Gemini models. Unlike traditional chatbots with limited query capabilities, Optiva's agentic AI possesses 'agency,' enabling it to act autonomously, adapt, complete complex tasks, make decisions, and proactively achieve objectives. The company says its agentic AI-powered BSS will empower communication service providers (CSPs) to achieve measurable improvements in operational efficiency, cost savings, customer experience, and business productivity. Optiva already has customers in the Middle East and the Americas using the platform for digital BSS transformations. This move aligns with industry trends – Gartner predicts that by 2028, 33% of enterprise software applications will incorporate agentic AI, a substantial increase from just 1% in 2024. The rapidly advancing technology has the potential to drive significant productivity gains and contribute trillions to the global economy. McKinsey highlights customer operations and sales as prime areas for GenAI revenue growth, with AI agents leading the charge. Not just AI agents 'Integrating agentic AI into Optiva's BSS solutions marks a pivotal step forward in the telecom industry," says Chrisaman Sood, AI product strategist at Optiva. "We are not simply developing AI agents to streamline operations and improve customer experiences – we are establishing the foundation for a future where these agents can work together seamlessly.' Optiva's agentic AI BSS ecosystem can: Enhance customer experience: The customer care AI agent, Amica, automates customer queries and cases, significantly improving resolution times and customer satisfaction. Increase operational efficiency: The operations management AI agent, Kairos, proactively enhances operational efficiency, reducing ticket resolution time and manual efforts. Hyper-personalise engagement: The sales AI agent, Sophos, empowers CSPs to engage customers with hyper-personalised offers and plans, improving sales efficiency and fostering customer loyalty. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
