Optiva Inc. Reports Fourth Quarter 2023 Financial Results

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All amounts are stated in United States dollars unless otherwise indicated

• Revenue of $12.0 million
• Robust sales pipeline with three additional customer wins
• Total Contract Value (“TCV”)¹ bookings of $24.3 million
• Gross margin of 63%
• Adjusted EBITDA¹ loss of $1.8 million
• Adjusted EPS¹ loss of $(0.65)
• $20.4 million of cash on the balance sheet

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TORONTO, March 06, 2024 (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, 2023.