Unidentified Analyst: I mean, it’s kind of a big deal. You guys just finished the quarter. You should know the GAAP profitability of your business segments? Do you guys have a straight answer for that?
Jack Abuhoff: So, well, I think that — I’m not sure exactly what you’re trying to get me to say. I told you that…
Unidentified Analyst: I just want to know how — I’m investing in the company. I would like to know how much money the company’s making. It’s pretty straightforward.
Jack Abuhoff: So, we had $440,000 of GAAP profit in Agility in the quarter.
Unidentified Analyst: Because I’m seeing a net loss of $1.35, again, for the year.
Jack Abuhoff: I’d be very happy to have a call with you to drill down to that and look at what you’re looking at and how that differs from what we’re reporting. I don’t know how I can help you beyond that.
Unidentified Analyst: All right. I appreciate it.
Operator: We have reached the end of the question-and-answer session. I will now turn the call over to Jack for closing remarks.
Jack Abuhoff: Thank you. In 2023, the world witnessed a seismic shift with the arrival of OpenAI’s ChatGPT. It sealed the spotlight. It wasn’t just another software release. It was a phenomenon. It captivated the world with its abilities to do what seemed like superhuman feats. And this sparked a wave of development with companies vying to push the boundaries of language generation and its applications. We saw that there were tech giants locked in a heated race to dominate the realm of generative AI models and this arm race resulted in billions of dollars of ongoing investment that being made by these companies with ripple effects potentially reshaping every industry we know. It’s essential to underscore, and I think, a couple of these questions were useful in that regard, that in the realm of training large language models, the age-old adage of garbage in, garbage out holds particularly true.
This is where our distinct advantage comes to play, as we’ve been consistently delivering high-quality data at scale for 30 years. One of our competitive advantages lies in providing unparalleled data quality, which serves as the foundation for successful AI implementations. Moreover, our success is bolstered by the entrepreneurial and collaborative culture that we’ve cultivated over the decades, engaging with large corporations across diverse industries. This empowering culture has enabled us to compete with other businesses at a remarkably high success rate, driving our continued growth and our achievements. We saw a business pick up momentum through the year as we began to seize the generative AI opportunity and we met or exceeded expectations on all fronts.
Revenue growth, adjusted EBITDA growth and key customer acquisition. In Q4, same thing. We beat both top and bottomline guidance and we entered three-year, $23 million per year deal with a key Big Tech customer for the program we kicked off mid last year, a testament clearly to how highly they valued our collaboration. We’re off to an exciting start to 2024. As you know now, we have — we’re now engaged with five of the seven for generative AI development and we’re seeing the benefits of this engagement in our results. In 2024, we will be working to drive expansion in all these accounts and to land others. We’re guiding to a 20% growth in 2024, but our ambition is to exceed that. My team and I are energized by what we’ve accomplished in 2023 and we’re excited about what we will accomplish in 2024.
So thank you all for joining the call today. We look forward to our call.
Operator: This concludes today’s conference and you may disconnect your lines at this time. Thank you for your participation.
