Optiva Inc. Reports Fourth Quarter 2024 Financial Results

In the fast-paced world of telecom, where innovation and efficiency are paramount, Optiva Inc. has emerged as a leader in cloud-native billing, charging, and revenue management software. The company's recent fourth-quarter financial results for the period ended December 31, 2024, reveal a nuanced picture of its performance and strategic direction. With a revenue of $12.0 million and a gross margin of 59%, Optiva has demonstrated its ability to navigate the competitive landscape while maintaining operational efficiency.

The company's financial performance is a testament to its strategic focus on cloud-native solutions and the integration of advanced technologies. Optiva's Total Contract Value (TCV) bookings for the fourth quarter totaled $22.5 million, bringing the year-end total to $66.3 million. This significant booking figure underscores the market's confidence in Optiva's offerings and its ability to secure long-term contracts with telecom operators.

One of the standout achievements for Optiva in the fourth quarter was the successful completion of a complex real-time rating and charging transformation project with Omantel, the leading provider of integrated telecommunication and ICT services in Oman. This project involved migrating over 200 Omantel products and services to Optiva’s convergent charging engine, hosted on Omantel’s private cloud. The integration of agentic AI using advanced generative AI (GenAI) technology powered by Google’s Gemini models enabled innovative use cases for consumers and enterprises, powered by GenAI and 5G technologies. This project not only showcased Optiva's technical prowess but also highlighted the real-world impact of its AI-enhanced solutions.

Optiva's integration of agentic AI is a game-changer in the telecom industry. By leveraging Google’s Gemini models, Optiva's BSS platform and charging engine can now provide real-time insights using BigQuery and Looker. This capability allows operators to achieve measurably improved performance and ultra-low operating costs, which are crucial in today’s competitive landscape. As Robert Stabile, Chief Executive Officer of Optiva, noted, "Operators recognize that a fully digital BSS is crucial for achieving the ultra-low operating costs necessary in today’s competitive landscape."

The market has taken notice of Optiva's technological advancements. The company's demonstrations of agentic AI, API monetization capabilities, and MVNO hubs strategy at Mobile World Congress 2025 attracted a 20% increase in meeting traffic, building on a strong showing in 2024. This increased interest from both new and existing customers underscores the potential of Optiva's AI-enhanced solutions to drive long-term growth.



However, Optiva's financial results also reveal some challenges. The company reported an adjusted EBITDA loss of $1.8 million and an EPS loss of $0.76. These losses, coupled with the maturity of Optiva’s PIK Toggle Notes on July 25, 2025, present a significant financial hurdle. The Special Committee of the board has been engaged with key noteholders about refinancing options and is actively assessing strategic alternatives to optimize outcomes for the business and its customers. This proactive approach to addressing financial challenges demonstrates Optiva's commitment to long-term sustainability and growth.

In conclusion, Optiva Inc.'s fourth-quarter financial results paint a picture of a company at the forefront of technological innovation in the telecom industry. While the company faces financial challenges, its strategic focus on cloud-native solutions and the integration of advanced AI technologies positions it well for long-term growth. As the telecom industry continues to evolve, Optiva's commitment to innovation and efficiency will be crucial in maintaining its competitive edge and delivering value to its customers.