p.s. how do we find out how many credits do we have left before subscription renewal?
In Q4, GRID reported revenue of $10.4M which declined nearly 15% from prior year levels. For the full year 2023, GRID reported it highest annual revenue in its history. Revenue contributions from the Utility Software Applications and Services segment in 2023 and Q4 hit 35%, representing the highest percentage contribution in the Company's history. Recurring Revenue recognized in the Q4 represented approximately 24% of total revenue generated. The Company delivered gross profit margins of 52% for the full year 2023 and 51% for Q4 compared to 48% and 45%, respectively, over the prior year periods. The gross profit margin in 2023 is the highest percentage in the Company's history. Adjusted EBITDA and net income were also positive for the quarter. These were fine results displaying improving margins but revenue did decline. Our recent opinion is unchanged.