Bond Reports 41% Growth in Subscription Revenue for Third Quarter 2026 as Its Recurring Revenue Strategy Gains Momentum
Globe Newswire•13/11/2026•08:30 ET
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Key Highlights
- ➤Subscription revenue $526,000, up 41% year-over-year and 40% sequentially
- ➤Total revenue $2.5 million, up 19% sequentially but down from $2.7 million
- ➤Bookings $3.1 million, up 19% year-over-year
- ➤Ascent agreed to invest up to $10 million at $2.75 per share, a 23% premium
- ➤Approximately $15 million of debt and preferred stock converted into equity
- ➤Bond projects 50% revenue growth in 2027 and $6 million annualized cost reductions
Expert Statements
Doron Kempel, Founder and Chief Executive Officer of Bond
“Our third quarter results show that our strategy is working”
Doron Kempel, Founder and Chief Executive Officer of Bond
“Subscription revenue, the foundation of our long-term model, grew 41% from a year ago and 40% from the second quarter, and bookings and deferred revenue point to continued growth ahead.”
Doron Kempel, Founder and Chief Executive Officer of Bond
“With the balance sheet realignment we announced on November 2, Bond now has very limited debt, a far stronger balance sheet, and our focus is on converting the pipeline we have built through our investments in sales and marketing into recurring revenue.”
Total Revenue Up 19% Sequentially; Bookings Up 19% Year-Over-Year to $3.1 Million; Deferred Revenue More Than Doubled Since Year-End
Recently Announced Balance Sheet Realignment Secured Up to $10 Million PIPE at a Premium to Market, Eliminating Most of Bond’s Outstanding Debt
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