Revenue and profitability:
- Q4 2024 revenue: USD 359,776k; YoY change: -8.00%; QoQ change: +8.60%.
- Gross profit: USD 177,982k; gross margin: 49.47% (0.495).
- Operating income: USD -848,109k; operating margin: -2.36x (approximately -235.7%).
- EBITDA: USD -779,622k; EBITDA margin: -2.17x.
- Net income: USD -808,439k; net margin: -2.25x; EPS: -0.20.
- Weighted average shares: 3,989,056.
SG&A and operating costs:
- General and Administrative (G&A): USD 981,985k; Selling and Marketing: USD 44,106k; SG&A total: USD 1,026,091k; Cost of revenue: USD 181,794k.
- Total operating expenses: USD 1,026,091k; cost of expenses: USD 1,207,885k.
Cash flow and liquidity:
- Net cash from operating activities: USD -645,335k; Free cash flow: USD -646,775k.
- Depreciation & amortization: USD 68,487k.
- Change in working capital: USD 36,969k; accounts receivable: USD -35,773k; inventory: USD 2,248k; accounts payable: USD 30,826k; other working capital: USD 39,668k.
- Cash at end of period: USD 2,040,243k; cash at beginning: USD 2,719,033k.
- Net cash used by operating activities: USD -645,335k; net cash used for investing activities: USD -1,439k; net cash used for financing activities: USD -5,165k; effect of forex changes: USD -26,851k; resulting net decrease in cash: USD -678,790k.
- Net debt position: USD -1,677,463k (cash exceeds debt).
Balance sheet health:
- Total assets: USD 3,240,020k; total liabilities: USD 1,310,899k; total stockholders’ equity: USD 1,932,914k.
- Current ratio: 2.48x; quick ratio: 2.44x; cash ratio: 1.821x.
- Cash and equivalents: USD 2,040,243k; short-term debt: USD 344,010k; long-term debt: USD 190,775k; total debt: USD 362,780k.
- Working capital efficiency: DSO 14.64 days; DIO 22.94 days; payables turnover 1.768x; CCC -13.31 days (negative cash conversion cycle).
Valuation and efficiency measures:
- Price-to-book: 2.44x; price-to-sales: 13.08x; price-to-earnings: negative (not meaningful in earnings negative period); EV multiple: -3.89x; price fair value: USD 2.44.
- Return metrics: ROA -0.25%; ROE -0.418%; return on capital employed -0.40%; debt ratio 0.112; debt-to-equity 0.188.
- Asset utilization: asset turnover 0.111; fixed asset turnover 0.827; inventory turnover 3.92; receivables turnover 6.15; cash flow per share (CFO/Share) -0.162; free cash flow per share -0.162.
Four-quarter trend (YoY and QoQ context):
- Q4 2024 revenue: 359,776k; Q3 2024 revenue: 331,289k; Q2 2024 revenue: 313,039k; Q1 2024 revenue: 318,643k. QoQ progressions show +8.6% from Q3 to Q4, while YoY revenue declined ~8% over the full year. Net income across the four quarters remained negative but showed YoY improvement in loss magnitude, while QoQ trends remained volatile with Q4 seeing a deeper quarterly loss versus some prior periods in operating terms, reflecting ongoing cost pressures.