Revenue grew 75 percent year over year, and the company’s gross profit also grew 83 percent compared to the same quarter in 2016. Total revenue beat expectations from Wall Street at $151.7 million, and its subscription-based business grew to $71.6 million, driven by a record number of new merchants signing up for the platform.

The crossing point between sustainability and IoT is bringing disruptive technologies to the table, and this new megatrend is turning both investors’ and entrepreneurs’ heads.