From GlobeNewswire: 2024-11-21 08:30:00

iCoreConnect, Inc. (NASDAQ: ICCT) reported financial results for Q3 2024, with recurring revenue up by 56% and total revenue by 51% year-to-date as of September 30, 2024. Gross margin improved from 74% to 77% during the same period. Recent partnerships and strong adoption of iCorePay and iCoreVerifyPro contributed to revenue growth.

Total revenue for the nine months ending September 30, 2024, grew by 51% to $8,599,262 compared to $5,701,372 in 2023. Quarterly revenue increased by 39% to $2,787,999 from $2,004,853 for the same three-month period. Subscription Software Services revenue surged by 56% year-to-date and 44% for the quarter.

In Q3 2024, iCoreConnect launched the iCoreEnterprise Platform, offering access to 17 unique SaaS products with a single sign-on. This innovation enhances usability, attracts larger enterprise clients, and improves customer experience. The unified platform increases the likelihood of seamless product adoption and growth for users.

iCoreConnect Inc. (NASDAQ: ICCT) specializes in cloud-based software and technology solutions for healthcare. The company continues to strengthen its market position through strategic growth initiatives and innovative solutions tailored to its expanding customer base. Forward-looking statements underscore the company’s commitment to enhancing workflow productivity and profitability in healthcare.



Read more at GlobeNewswire:: iCoreConnect Achieves Robust Revenue Growth in Q3 With