Optiva Inc. released its third quarter financial results for the period ended September 30, 2025, with revenue of $10.1 million, TCV bookings of $13.4 million, and a gross margin of 55%. The company reported an adjusted EBITDA loss of $3.9 million and an EPS loss of $0.91, with $8.1 million in cash.

Optiva announced a strategic transaction with Qvantel to combine operations and enhance BSS offerings for communication service providers. TCV of Q3 bookings totaled $13.4 million, with key partnerships in the APAC region and the UK for BSS transformation and network communication services.

An MVNO in Colombia renewed its BSS platform agreement with Optiva, while a Tier 1 telecom in the UK expanded its partnership. Optiva was named a finalist for the 2025 Glotel Awards for MVNO Solution of the Year, showcasing its AI-enabled BSS capabilities.

For Q3’25, Optiva reported revenue of $10.1 million, a gross margin of 55%, and an adjusted EBITDA loss of $3.9 million. The company’s net loss was $5.7 million, primarily due to lower revenue and higher operating expenses associated with the strategic transaction with Qvantel.

Optiva’s financial statements reveal a working capital deficit of $108.5 million as of September 30, 2025. The company entered into an arrangement agreement with Qvantel to acquire Optiva’s shares and cancel the Debentures, with the transaction expected to be completed in December 2025.

Cash flow for Q3’25 showed a net loss of $5.7 million and operating cash used of $4.8 million. Financing activities included interest paid on Debentures, while investing activities involved the purchase of property and equipment. The company ended the quarter with $6.6 million in cash and cash equivalents.

Optiva’s financial results highlight challenges and opportunities for the company, with strategic transactions, partnerships, and financial restructuring shaping its path forward. Investors and stakeholders are encouraged to review Optiva’s financial disclosures and updates for further insights into the company’s performance and future prospects.

Read more at GlobeNewswire: Optiva Inc. Reports Third Quarter 2025 Financial Results