IMAC Holdings Inc
BACK
$0.0680 11.48%
Exchange: NASDAQ | Sector: Healthcare | Industry: Medical Care Facilities
Q4 2024
Published: Apr 15, 2025

Earnings Highlights

  • Revenue of $0.15M up 103% year-over-year
  • EPS of $-3.22 decreased by 206.7% from previous year
  • Gross margin of 26.0%
  • Net income of -5.05M
  • ""Our focus remains on innovation and enhancing clinic operations which will better serve our patients and improve our margins."" - IMAC Holdings Management

IMAC Holdings Inc (BACK) Q4 2024 Financial Results - Challenging Quarter and Strategic Reflections

Executive Summary

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.

Key Performance Indicators

Revenue

150.05K
QoQ: 166.52% | YoY:103.00%

Gross Profit

39.03K
26.01% margin
QoQ: 159.34% | YoY:100.45%

Operating Income

-1.82M
QoQ: 8.99% | YoY:-213.53%

Net Income

-5.05M
QoQ: -129.09% | YoY:-246.37%

EPS

-3.22
QoQ: -106.41% | YoY:-206.67%

Revenue Trend

Margin Analysis

Key Insights

  • **Revenue**: $150,053 (YoY: +103.00%, QoQ: +166.52%)
  • **Net Income**: -$5,050,556 (YoY: -246.37%, QoQ: -129.09%)
  • **Operating Income**: -$1,816,602 (YoY: -213.53%, QoQ: +8.99%)
  • **EPS**: -$3.22 (YoY: -206.67%, QoQ: -106.41%)
  • **Cash at End of Period**: $504,189

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2025 0.00 -1.08 +0.0% View
Q4 2024 0.15 -3.22 +103.0% View
Q3 2024 0.06 -1.56 -96.4% View
Q2 2024 0.02 -1.17 -98.8% View
Q1 2024 0.00 -0.35 +0.0% View