Birdie Win Corporation (BRWC) reported Q4 2024 results with flat revenue relative to the prior year period but a meaningful deterioration in profitability and a fragile liquidity position. Revenue for Q4 2024 was $5.0 million, unchanged versus Q4 2023, while gross profit remained reported at $5.0 million (gross margin reported at 100%), suggesting limited visibility into cost of revenue or a service-based model with negligible direct costs in the disclosed figures. The quarter delivered a substantial operating loss of $7.363 million, driven by elevated fixed costs, most notably General and Administrative expenses of $12.203 million and related depreciation of $0.160 million, resulting in an EBITDA of negative $7.203 million and an EBITDAR of negative $1.441. The net outcome mirrored the operating unwind, with net income of negative $7.363 million and an EPS of $0.0029 in the quarter as reported. Cash flow from operations was positive at approximately $1.653 thousand, and the company ended the period with cash and equivalents of about $1.845 thousand, indicating a tight liquidity runway.