Optiva Inc. (T:OPT)
Business Focus: IT Services & Consulting (NEC)
| Sector: Technology | Industry: IT Services & Consulting |
| Company Contact | |
| Address: | East Tower, 2233 Argentia Rd Suite 302 MISSISSAUGA ON L5N 2X7 |
| Tel: | N/A |
| Website: | https://optiva.com |
| IR: | See website |
| Key People | ||
| John P. Giere Chief Executive Officer | Poh Gan Vice President - Finance (Commercial) | Dinesh Sharma Vice President - Finance | Sonke Hans Erwin Jens Vice President - Services |
| Business Overview |
| Optiva Inc. is a Canada-based provider of cloud-native monetization and revenue management software on the private and public cloud. The Company is involved in powering the telecom industry with cloud-native business support systems (BSS), including billing, charging and revenue management software on private and public clouds. Its products are delivered worldwide, and its solutions enables communication service providers (CSPs) to monetize digital, fifth generation (5G), Internet of things, consumer, enterprise, wholesale and emerging market opportunities to achieve business success. Its products and services allow the introduction of tariffs and marketing offerings, through its rating, charging and billing solutions for fixed, wireless, broadband and IPTV, as well as the creation of new revenue streams. Its products include Optiva BSS Platform, Optiva Charging Engine and Optiva Partner Monetization. The Company serves over 50 telecommunications operators in more than 50 countries. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Optiva Inc revenues decreased 23% to $47.5M. Net loss totaled $12.3M vs. income of $709K. Revenues reflect Europe,Middle Esast & Africa segment decrease of 28% to $23.2M, Asia and Pacific Rim segment decrease of 32% to $7.4M. Net loss reflects Labor & Related Expenses in R&D increase of 27% to $9.6M (expense), Other operating expenditures - General a increase of 45% to $6M (expense). |
| Employees: | 418 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $148.85M as of Dec 31, 2023 |
| Annual revenue (TTM): | $65.08M as of Dec 31, 2023 |
| EBITDA (TTM): | -$0.33M as of Dec 31, 2023 |
| Net annual income (TTM): | -$16.79M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$4.99M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $111.92M as of Dec 31, 2023 |
| Shares outstanding: | 6,181,000 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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