Fiscal 2022 NNARR was a record $3.94 million, up 79% from $2.20 million in Fiscal 2021. Net new ARR ('NNARR') of $1.13 million in Q4'22 increased 35% from $0.84 million Q4'21 and increased 27% sequentially from Q3'22. dollars) compared to $10.84 million at Decemand 8% sequential increase (6% in U.S. Grew ARR to $14.78 million, an increase of 36% (31% in U.S. This gives us confidence that we will continue to unlock performance gains in our operating structure and will grow to cash positive operations within our available financial resources.' In step with our growth phase, we are focused on operational excellence and cost optimization through a disciplined and accountability-based approach to strategic investment in high-return initiatives. I am proud to be a part of such a talented group of leaders as we deliver on the next stage of growth and drive toward profitability with increasing focus and accountability.'ĭave Miller, CFO, also commented, 'While holding our operating costs in check, we continued to deliver topline growth in Revenue, ARR and billings on our path towards profitability. 'We have increased our customer focus and balanced our investment horizon to continue providing unrivalled support, an ease-of-use DAM experience and innovative solutions that maximize and extend the value of our customers' digital assets and customer experience platforms. 'MediaValet continued its multi-year track record of strong performance in 2022 in spite of broad economic challenges,' commented Rob Chase, President and CEO of MediaValet. dollars ('USD', 'U$').Īnnual Recurring Revenue-Closing ('ARR') 3

All figures in Canadian dollars ('CAD') unless otherwise stated for figures in U.S. (TSX: MVP) (the Company), a leading provider of cloud-native enterprise digital asset management ('DAM'), video content management and creative operations software, is pleased to report its results for the three and twelve months ended December 31, 2022. Vancouver, British Columbia-(Newsfile Corp. Revenue Grows 37% to $12.8M and ARR Increases 36% to $14.8M

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