Earnings call transcript: OpenWorld tops Q3 2026 revenue forecast on RWA growth

OpenWorld reported a significant revenue increase of $7.4 million for Q3 2026, surpassing the $3.52 million forecast. The company's real-world asset tokenization business played a pivotal role in this growth, accounting for $6.4 million, or 86% of total sales. The gross margin improved to 84%, up from 77% a year earlier, indicating stronger economics in the newer business compared to the company's earlier mix.

Despite heavy one-time costs tied to a reverse acquisition and public listing, adjusted EBITDA turned positive at $2.2 million. However, the company remains in the red with a net loss of $10.2 million, or $0.93 a share. Management highlighted $21.2 million in remaining performance obligations as a positive sign for future revenue.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.