Transition to a single-tier distribution model continues as Renewable Subscriptions grow by 60%
Gravina, Italy, 15 November 2018
The Digital Box, a leading developer of advanced Artificial Intelligence technologies that help companies to create platforms that grow their business announces today the financial results for the Second Quarter and the First Half 2018.
Bookings* for the Third Quarter 2018 were € 1.268k, or a growth of 18% compared both to the same quarter of 2017. Renewable Subscriptions grow by 60% compared to the same quarter in 2017 while, as expected, Consumables decline. These figures are considerably below our revised Q3 plan as a consequence of shortcomings in our international channels due, in part to the realigning of our sales model.
The Monthly and Quarterly Indicators for Recurring Revenues or MRR (Monthly, Recurring, Revenues) and QRR (Quarterly Recurring Revenues)have grown respectively to a record € 334K for September 2018 and to € 1.003k for the Trird Quarter 2018.