Financial Performance Highlights:
- Revenue: $202.9 million for Q4 2024, a 38.1% year-over-year increase.
- Net Income: $172 million in Q4 2024 with a remarkable year-over-year growth of 2,937%.
- Gross Profit Margin: Maintained at 49.2%, showcasing effective cost management.
- Cash Position: Ended the quarter with $327 million in cash and cash equivalents, indicating strong liquidity.
- Operating Cash Flow: Net cash provided from operating activities was $18.9 million.
- Debt/Equity Ratio: 0.19, showing low leverage and a strong balance sheet.
- EPS (Basic): $1.54, up from $0.05 YoY, showcasing improved earnings power.
Management highlighted the strategic investments in technology and targeted marketing that have allowed the company to lower sales and marketing expenses relative to gross bookings, from 5.1% to 4.7%. Additionally, the diversification of revenue sources via ancillary services and strategic partnerships with state governments in India positions the firm for long-term growth.