IMAC Holdings Inc (BACK) reported Q4 2024 financial results that reflected significant operational challenges amidst a modest growth trajectory in revenues. The company generated revenues of $150,053, a dramatic year-over-year increase of 103%, and quarter-on-quarter growth of 166.52%. However, despite this top-line growth, net income remained deeply negative at -$5,050,556, resulting in an EPS of -$3.22, which is a deterioration when compared to the previous quarter.
The results stemmed from heightened general and administrative expenses totaling $1,705,433, which significantly impacted overall financial health and profitability ratios. In light of the earnings call, management has reiterated its commitment to cost management strategies while acknowledging the need for operational efficiency improvements. As such, this quarter serves as a bellwether for upcoming strategic changes anticipated in the near term to navigate the current fiscal challenges.