PetVivo Holdings Inc (PETV) Q4 2024 Earnings Report

PetVivo Holdings reported a Q4 2024 financials snapshot that underscores significant top-line contraction and a continued heavy cost base, resulting in a sizable net loss and negative cash flow from operations. Revenue for QQ4 2024 stood at 48,266 USD, while gross profit appeared to be 225,356 USD with an unusual negative cost of revenue entry (leading to an implied gross margin of ~4.67%). The company posted an operating loss of -2.65 million USD and a net loss of -2.65 million USD, with EBITDA of -3.15 million USD. EPS was -0.19, and YoY/QoQ comparisons point to deteriorating revenue (-61.57% YoY; -91.90% QoQ) alongside a mixed margin picture (gross margin ~4.7%; operating margin ~-54.9%; net margin ~-54.9%). Free cash flow was deeply negative at approximately -1.55 million USD, while operating cash flow was -1.52 million USD. Financing activities provided 1.56 million USD, yielding a modest net cash increase of about 7k USD; cash at period-end was 87 thousand USD. The balance sheet shows limited liquidity with current assets of ~1.04 million USD and current liabilities of ~1.41 million USD, yielding a current ratio of 0.74 and a quick ratio of 0.46. Long-term debt totaled ~1.02 million USD, total debt ~1.37 million USD, and stockholders’ equity ~0.686 million USD, with retained earnings deeply negative (~-82.8 million USD). Stock-based compensation was substantial at ~0.64 million USD, and R&D and SG&A expenses remained high, totaling over 2.9 million USD in operating expenses. Management commentary is not provided in the supplied transcript data; consequently, there are no direct quotes to anchor a narrative from the earnings call. The four-quarter and dated-cash-flow dynamics suggest the business remains in an early-stage phase requiring external financing to sustain operations. Investors should weigh the potential upside from Spryng adoption and pipeline devices against the substantial near-term liquidity and profitability risks. Given the absence of formal forward guidance in the available data, the near-term trajectory hinges on monetization of the Spryng platform, licensing opportunities, and the company’s ability to secure additional capital.