- Sales up by approximately 4%
- Cost savings of $0.7M or 29% in salary and employee benefits compared to Q3 2017
- Higher margin outlook due to acquisition and new Artificial Intelligence (AI) solutions
- Nine-month Adjusted EBITDA increased to $1.5M
Shai Lustgarten, CEO, commented, “We are pleased to have delivered a solid third quarter, reflected in 3.6% organic growth, increased adjusted EBITDA and a strong order backlog that we believe will drive continued momentum through the end of 2018 and into 2019.