Enghouse Sys Ltd (EGHSF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to Anch House's first quarter 2025 conference call. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question and answer session. If anyone has any difficulties hearing the conference, please press door zero for operator assistance at any time. I would now like to turn the conference call over to Mr. Stephen Seller. Please go ahead. Good morning, everybody. I'm here today with Rob Method, Chief Financial Officer, and Todd May, VP Legal Counsel. Before we begin, I'll have Todd read our forward disclaimer. Certain statements made may be forward-looking. By their nature, such forward-looking statements are subject to various risks and uncertainties, including those in the NSHA's continuous disclosure filings, such as its AIF, which could cause the company's actual results and experience to differ materially from anticipated results or other expectations. Under-reliance should not be placed on forward-looking information, and the company has no obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise. Thanks, Todd. Rob will now give an overview of the financial results. Thank you, Steve. I will now take us through the first quarter financial highlights. Revenue increased 2.9% to $124 million from $120.5 million in Q1 2024. Recurring revenue, which includes SAS and maintenance services, grew 4% to $87.9 million compared to $84.6 million in Q1 2024 and represents 70.9% of total revenue as we continue to prioritize this revenue stream. Results from operating activities decreased to 31%. compared to $32.6 million in Q1 2024. Net income was $21.9 million compared to $18.1 million in Q1 2024 as we grow our bu...