Revenue Performance - Total revenue for fiscal year 2024 was 332.9million,anincreaseof8349.6 million, up 4% year-over-year[5] - Subscription solutions revenue for Q4 2024 was 62.3million,a3332,927,000, representing an increase of 7.0% from 309,394,000in2023[45]−TotalrevenueforQ42024reached87,028 thousand, a 2.2% increase compared to 84,149thousandinQ42023[48]−RevenuefromtheAmericas(U.S.)forQ42024was66,078 thousand, an increase from 64,055thousandinQ42023,representingagrowthof3.2332,927 thousand, up from 309,394thousandin2023,markinganincreaseof7.619.5 million, compared to a loss of 5.7millioninfiscalyear2023[11]−AdjustedEBITDAforQ42024was11.0 million, up from 6.5millioninQ42023[7]−AdjustedEBITDAshowsanetlossof41,684,000 for the year ended December 31, 2024, compared to a loss of 72,444,000in2023,reflectinganimprovement[32]−Non−GAAPnetincomeforQ42024was8,446 thousand, compared to 7,876thousandinQ42023,reflectingayear−over−yearincreaseof7.211,031 thousand, a significant increase from 6,540thousandinQ42023,markingagrowthof68.027.0) million, an improvement from (64.7)millioninfiscalyear2023[16]−NetlossfortheyearendedDecember31,2024,is27,030,000, a decrease from 64,671,000in2023,indicatingareductionof58.22,390 thousand, an improvement from a net loss of 3,176thousandinQ42023[47]−CashflowsfromoperatingactivitiesfortheyearendedDecember31,2024,were26,254 thousand, a turnaround from cash used in operations of (24,243)thousandin2023[47]−FreecashflowforQ42024was11,573 thousand, a decrease from 12,236thousandinQ42023[57]−Thecompanyreportedfreecashflowof22.5 million for the year ended December 31, 2024[13] Assets and Liabilities - Total current assets decreased to 251,219,000inDecember2024from341,986,000 in December 2023, a decline of 26.5%[43] - Total liabilities decreased to 306,920,000inDecember2024from418,525,000 in December 2023, a reduction of 26.6%[43] - Total stockholders' equity increased to 33,369,000inDecember2024from25,533,000 in December 2023, a growth of 30.7%[43] Operational Efficiency - The number of enterprise accounts was 5,884, a decrease of 2% compared to Q4 2023[5] - Non-GAAP cost of revenue for Q4 2024 was 18,741thousand,representing21.528,685 thousand, which is 33.0% of revenue, down from 36.7% in Q4 2023[54] - Non-GAAP research and development expense for Q4 2024 was 16,664thousand,accountingfor19.112,853 thousand, maintaining 14.8% of revenue, consistent with Q4 2023[56]
Bigmerce (BIGC)2025-02-20 12:11