welcome Vattuone, is joining Thank to you today ONXX’s financial quarter conference me Officer. us. you. everyone second Chief XXXX Steve results call. We With Financial And appreciate
drive reminder our what who Before our we customers of generate we BXB training prospects customers. through and and compliance drive engaged enterprise for effective to first-party power and engagement and of insights, with cost quick the generative experiences of that a AI get we certification, growth. a data their revenue support are at leverage into do results, Through and portfolio the platform industry-leading companies scale,
have healthcare we on enable predominantly in to verticals, members, global industries in and running we engagement pharma development, the customers to the device patients focus and while finally, delivering professional compliance business and new client use first solutions who and the and generation approach following enrolling training credentialing enablement, at and And platform financial through broker providing also demand customers while cases providers with brokers. standards virtually our a agents adhere the We teams our healthcare drive industries to of scale. compliant new certification and services benefits strict programs and digital In life support employee services engage verticals, technology in our and pipeline professional regulated and organizations digital our use information highly medical insurance, channels. manufacturing educate sciences, and
we at revenue EPS QX with the breakeven pleased are line report and QX. in to reach second in goal exceeded to guidance expectations non-GAAP our and our was results, quarter we that of for the to high Turning end
non-GAAP we is key structure. achieving will non-GAAP streamline We that shortly. believe taken target, priority EPS our will to We long-term which elaborate actions strategy, have the a breakeven. a Profitability also to is on to remain key EBITDA growth expense which achieved the our a profitability testament I milestone,
services $XX.X $X.X including Revenue platform for Conference total total QX from and million. other including quarter and our $XX.X core revenue platform, revenue revenue of $XX.X services, XXXX million Virtual the was in million subscription and revenue Of professional was was was million.
million. QX representing million with core sequential ARR in QX to $XXX.X ended platform, $X.X related our We from of a decrease
a ARR, net I While new spend forecasted explaining was QX decline weaker had than why platform ARR expected. to would minutes for like a few we in originally core our
budgets our we heightened which for and marketing customers’ stem in departments, shared as cuts QX, their from a endure predominantly have budget of solutions macroeconomics continued our layoffs to uncertainty. result As
from customers, budget a ARR We QX. scrutiny had which is decline our expected new more in why in net we forecasted
through than increased and and pronounced persisted was had expected. pressure more even we originally second quarter this the However,
QX, we which on became saw expansions growth. to new augment with even net we in Specifically found down to ARR pressure balance sales, harder
still face remain greater costs pressure the from Our to under cut customers scrutiny and CFO office. are looking as budgets their
In deal the this of come pressure of put scrutiny activity. to degree fact, large is in on from sales we where our saw high highest enterprise continuing level down QX budget customers
from that customers of also match budget highest they capabilities. our environment admit those this our We don’t to churn products’ even as come resort market tools saw to cost In customers. lower uncertain pushing smallest levels tools are constraints the these
we we how tough have a previously, in stated As to know sell environment. recessionary
limbo a came in have more taken until spend expect they from this have their of pause to certainty most on what next. with the However aspect being in quarter challenging who customers recent
budgets discussion, we to direction we demand it seems they spend normalize, the we believe second year grow are and the in becomes change reinvest more and on certain simply market. our We as as not to economic the to a that as this first Based our customer of and focus customers will customers on is or generation similar waiting us. are believe customers expecting begin look what to marketing see with if permanent growth, are more hearing reinvest the half and in on
In the on our control, to priorities, we we and against strengthen expect focus business. execution three we can which meantime, innovation we our what laser-focused strategic further controlling to continue our remain and
continuing First, profitability to continuing AI our relentless deliver on our of the generative generation targets; with flat. innovation next second, powering our
strategy Third, offer our continuing go-to-market solutions. differentiated we to enterprise strengthen where
will First, is deliver I’ll in priority, about expect and our our profitability when the we targets business. on additional operating to that a profitability. talk leverage Continuing stabilizes, on the see macro top we focus
and non-GAAP We to by continuing positive initiatives. our to our to quarter. to this our achieved exit We expect continue are make organization pleased non-GAAP with the breakeven in to goal operational streamline report with cost-reduction XXXX in EBITDA. plan EPS improvements efficiency We
is growth, I long-term confident business shared our Earnings we double-digit I with that of As in top-line QX this profitable and to margins. double-digit growth committed remain generating Call, achieving capable are EBITDA
developing of to the generative next new innovation generation Moving our platform AI broadband. and priority, to our capabilities our second
At professionals won data to start of generative me of advantage of QX, for days an end power solutions. levels how AI data ONXX unmatched experience. experiences, we strong individual gives millions hour able Let a these first-party for to experience, per unique of saw we a foundation increase, an a our us explaining believe XX engaging year, all-time have of been data, by Each develop generative engagement the our of each the nearly an develop number AI By thousands than per capturing hundreds customers first-party with of to uniquely of set differentiated us platform’s at human-generated high. XX-plus interactions, more attendee points we for source which capabilities. interactions positions
number our customers the ability able that fully Over and typically their enables a This be we customers, into high-velocity new summary, sales. or cost live we on to it quarter, which currently the hiring, aspect integrated we AI-powered are turn AI-generated content the with experiences provides free transcript, believe content optimization of trial. solution to innovations turn like generative each including launched and XXX creation, of is our And momentum approved positive in our sale e-book we which are block. offer. as will and webinar trials resource-intensive marketing, sales free offering to be provides expansion are into most rapid based this a feedback a written Because suite, customers a to of this we a of optimistic
of give what’s two first-party next To I’ll foundation of the data. coming built and a you sense in road shaping platform, our generation our more on solutions our map highlight of
a effect and revenue less customers our for expect content, experiences generating they them that first deliver will platform, attendees personalization, audiences. even highly create at that helps more to creating unique experience, personalization. our personalized flywheel more Across is we more to personalized enabling results data greater engage customers enabling a that increase first-party scale resources. with with The our can we With are
while audience future Our from to second set installed automatically and innovation, map on that engagement. videos This content and levers of enhancing intelligence performance the content, AI-generated will of which based key believe we expansion content is proprietary analytics a retention on ability base like in additional platform give foundational based turn is long-form our called drive provides content I’ll develop heat into highlight to to moments experiences, short-form our differentiation. us
we are to use priority, initiatives. digital to mission-critical moving strategy, third Lastly, transformation tied go-to-market our where our enterprise focused cases on
majority the our business, employee As to I companies. QX on call, is close X,XXX-plus of with shared our XX%,
While cases mid-XXs believe down-sell a in and as especially multiyear high. our the our gives we use with vendors, in enterprise platform all-time marketing supports the did of with that single customers, We ARR in and spectrum percentage look enterprise us by strong. more broad that fact, tenure of see consolidate providing a was this to a in and macro today’s pressure environment, solutions result agreements advantage. companies And differentiated customers on remains
more each. give color me on Let
pipeline in of predominant we help scale most organizations and growth. the sectors and our with technology Beginning manufacturing large engagement use primarily demand case generation,
generation As we where that verticals with companies the their finding greatest growth Ascension. success on of are an platform have as With amount shared, especially pressure, agendas. under our regulated demand enterprise-grade is budgets industries we more currently solution pause these the highly macro like backdrop, are
me Let differentiation supporting cases. explain transformation in these our use digital platform’s
benefits, it seamlessly digital-first approach facilitating to to while with categories, companies, integrate them and used establish scale. and care to platform in health care and all helping is innovate For specifically, the training provider that and member enrollment business, which pharma happen life developing data, agents person our In intensive customers new insurance critical time compliant of helps for and brokers, enabling systems, our and platform a was sciences commercial engagement, costly and supporting digitally their and all and business compliance. and patient capture health
the increasing platform reach, our scale, while efficiency Finally, thereby underway, enables programs organizations certification Because seeing with and digitize these traction automate credentialing greater agility to help and services resilience. we compliance. of are believe have go-to-market these expand focus make and verticals customers are these running our this supporting of professional and and further to professional strategic the cost transformation go-to-market we cases use programs, a execution. who of to initiatives give business will our our We continuing enterprise and us
enhance making our changes. are we these execution further go-to-market To against digital strategic two cases, use key transformation
our First, cost and internal ROI which reducing value we and efficiency. their are case, by our our our streamlining and simplifying providing customers platform, provide with from will use packaging more solutions pricing and while
global us first to model enabling transformation undergoing have expanding focusing we smaller on our strategic resources, our digital efficiently evolved support customers digital our most incorporate to initiatives. enterprise a customer motion Second, our customers, success scale for while
ON, Before worldwide wins I’ll deals from We use expansion business, seeing and highlight QX. a landed Steve, highlights traction while deliver Starting in with privacy new to transformation few digital ability advanced X,XXX we we compliance. I’d a with help that cases. a logo maintaining to life sciences of that leader in believe few share I over customer further in things the represent new turn unique on a a touch segment like capturing employees We our also focused provider over with are with medical won and are high unique personalized physician and this providers, devices to of each different insights that platform’s specialists. to experiences this healthcare on because deal
partner in the foundational as a services, digital first our programs cases X,XXX of vertical a goal employee go-to-market delivering network. can professional offline channels initiative they their serve execution, turning into multiple generating in demand platform, scale solution layer Through use comprehensive has gain multinational our transformation their of was primarily digital to which to came plus a at and and In a training that us a model. organization for happening professional attack and pipeline, certification
has diseases. for a of portfolio that products we special multinational Finally, landed firm a biotech
With the our challenged unique out while enable scalable tailored engagement with a to can that company regional an strategy. needs. was they’re to across compliance, standardized markets, this maintaining provider different healthcare able be presence Through building platform, international omni-channel approach to
Turning through plus resource platform of digital to our develop a XX,XXX expansion the our existing platform. from employee multinational brokers, execute continuing agents and the against UK wins. We who’s centralized out with unifying expanded transformation their initiative an insurance to footprint its content firm insights to each audience. using They’re center while customers, for our
standards, to we our is with biomedical of customer digitally new over approvals help employees. XX,XXX enablement one with compliance business companies these scale to our grow a our training already win this and programs. to country, onto continue streamline which the another their meet platform department also the in brought largest and proven Having security ability We stringent in
plus XX,XXX digital to for a decided doubled engine. engagement an teams, pipeline down the generation their ONXX ONXX the and pilot company, demand ROI platform including make company standard customer software success platform a on initial programs. in After for employee go-to-market primary XXx for investment generation of Lastly, their multinational their as resulted
profitable profitability. to optimistic we have long-term made While remain are we adjusting change and pace In changes we to about confident ARR our in and these innovation, our marketing ability are the on things growth. driving be of to can our net and we budgets the go-to-market areas, control, we continue with QX, under pressure in disappointed focused return in more the are
win We our are that with cases new rates making current around use in the strategic to logos, environment. increase changes especially resonate
install year. improved positions are ARR coupled dynamic these believe making better shifting generative performance see We We second our us half and cohort are the our within changes better also resources with innovative we to platform that the to profound base drive AI. growth in renewal around to actions of
digital market about business. positioned integrated a across opportunity a provide with long-term the and our support single cases and initiatives we demand We and key transformation fundamentals bullish their set our verticals. to uniquely remain for customers of I solution use for platform are six to provide an generation the
are We long-term confident have our our strong a competitive we with profitable on will deliver commitment shareholder mouth that long-term value. we with combined priorities and to our focus growth,
turn to over to With Steve. that, I’d like call the
