54% increase in year-over-year contract bookings, and international expansion

  • 209% increase in contract bookings from Q2
  • 54% increase in year-over-year contract bookings
  • 45% increase in recurring revenue year-over-year
  • 58% increase in year-over-year total company future contracted revenue

The company’s new contract bookings and renewals totaled more than $25.7 million, with the addition of
several new agencies to the Utility client roster, including the police departments of Michigan City, IN,
Cartersville, GA, Pawtucket, RI, Kerrville, TX and New Iberia, LA. The strong quarterly performance was
also supported by notable renewals with the St. Louis County, MO Police Department, Walton County, FL
Sheriff’s Office, Arlington, TX Police Department, Baldwin County, AL Sheriff’s Office, Port Arthur, TX
Police Department and Colorado Springs, CO Police Department.

Additional Q3 insights include:

  • Utility’s platform is actively managing more than 9.5 petabytes of media.
  • Utility’s platform managed the addition of more than 4.7 million incidents through the quarter, more than a 9% increase from Q2 2022.
  • 99% of the incidents captured on the platform in the quarter were done so automatically, consistent with Client policy, without manual intervention.
  • Utility’s ALPR technology detected more than 3.34 million license plates during the quarter.
  • Users played more than 875,000 videos, a 12% increase from Q2 2022.
  • Total users on the platform surpassed 58,500.
  • The platform was accessed more than 2.8 million times during the quarter.

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