Martello Reports Strong Q3 2025 Results, Driven by Vantage DX Growth

Martello Technologies Group Inc. (TSXV: MTLO) has released its financial results for the third quarter of the 2025 fiscal year, showcasing robust growth and a strategic focus on its Vantage DX platform. The Company's software proactively detects performance issues in cloud communication and collaboration systems, with a focus on Microsoft Teams and Microsoft 365.



Key highlights from the Q3 2025 financial results include:

* Revenue of $3.72M, representing a 7% decrease compared to Q3 FY24, primarily due to expected declines in legacy product and support and maintenance revenue, partially offset by growth in Vantage DX revenue.
* Vantage DX monthly recurring revenue (MRR) increased by 5% in Q3 FY25 compared to Q3 FY24, both from direct and partner sales. Vantage DX has contributed $1.93M in revenue in FY25 to date, an 8% increase compared to the same period in FY24.
* Sunsetting legacy product revenue declined by 13% or $0.20M in Q3 FY25 compared to Q3 FY24, proceeding as expected.
* Revenue from the Mitel business segment decreased by 5% in Q3 FY25 compared to the same period in the prior year, attributable to a revenue mix change from various Mitel Performance Analytics offerings. The Mitel business remains a stable source of recurring revenue and cash, representing 45% of total revenues in Q3 FY25.

Martello's focus on product innovation, generating demand, and developing partner channel sales has driven the growth of Vantage DX. The launch of user experience management for Copilot for Microsoft 365 in June 2024 has helped businesses safeguard their investment in costly premium Microsoft services such as Teams Rooms and Teams Phone. The Company is investing in H1 FY25 to increase market demand for Vantage DX and acquire, onboard, and activate channel partners, further accelerating growth.

Terence Matthews, Chairman of Martello, expressed his satisfaction with the pace of Vantage DX product innovation and its potential to create opportunities in the Mitel ecosystem: "Businesses are investing significantly in premium Microsoft services such as Copilot, Teams Rooms, and Teams Phone. It's absolutely critical that they provide an exceptional experience and high uptime for users. Partners have an increasingly important role to play in providing these services to customers, and I'm pleased that many have turned to Martello, already a trusted partner, for their experience management solution."

Jim Clark, Chief Executive Officer of Martello, emphasized the Company's targeted investments and repurposing of resources in H1 FY25 to drive Vantage DX growth: "Martello is rapidly executing on significant change and improvement initiatives to drive Vantage DX growth. Together with the management team and board of directors, I am monitoring the impact of these improvements closely to ensure they drive value for customers and shareholders. We continue to look deeply at every step of the value chain to find opportunities for improvement. We are making targeted investments and repurposing resources in H1 FY25 to develop our channel business and to increase market demand, which we believe will have the most meaningful impact on Vantage DX revenue growth."

In conclusion, Martello's Q3 2025 financial results demonstrate the Company's commitment to driving Vantage DX growth through product innovation, market demand generation, and channel partner development. With a strong focus on user experience management for Microsoft Teams and Mitel unified communications, Martello is well-positioned to capitalize on the growing demand for premium Microsoft services and the expanding partner ecosystem.