Half Year 2024 Windward Ltd Earnings Call Transcript
Key Points
- Windward Ltd (LSE:WNWD) reported a 37% year-over-year revenue growth.
- Margins have surpassed 80% for the first time.
- The company has launched MAI Expert, a generative AI product, which is expected to drive future growth.
- Annual Contract Value (ACV) grew by 35% year-over-year.
- The company has a highly scalable subscription model with 99% SaaS revenue.
- The US government segment showed slower growth due to budget issues.
- The company is still operating at a loss, although the EBITDA loss has been reduced by 66%.
- There is a dependency on geopolitical tensions and sanctions, which could impact future growth if resolved.
- The company faces challenges in integrating new data sources and maintaining data accuracy.
- Partnerships have not yet significantly contributed to ACV growth.
Good morning, everybody. Again, Windward H1 results; let's go. So as a reminder, my name is Ami Daniel. I'm the Co-Founder and CEO of the company. And we have Ofer Segev. Ofer, good morning to you.
Good morning, everyone.
As a reminder, Windward is the leading maritime AI company in the world. As we believe, we're a specialized data provider, came to market in December '21. We believe we're the only end-to-end AI-driven solution in the market. We're going to talk about that today and show you why we believe that.
We've built AI from the ground up. We haven't really noticed that the first time when they launched ChatGPT. However, over the last several months, we've been naturally evolving to implementing and integrating generative AI into our solutions, which we think is
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