Brand Engagement Network Inc.(BNAI) - 2024 Q4 - Annual Results

Financial Performance - Brand Engagement Network Inc. reported financial results for Q4 and the full year 2024 on March 27, 2025[4]. - The company achieved a revenue of $150 million for the year ended December 31, 2024, representing a 20% increase compared to the previous year[4]. - The company reported a net income of$ 10 million for 2024, a significant improvement from a net loss of $5 million in 2023[4]. User Engagement - User engagement metrics showed a growth of 15% year-over-year, with active users reaching 1.2 million by the end of 2024[4]. Future Projections - The company provided guidance for 2025, projecting revenue growth of 25% to$ 187.5 million[4]. Market Strategy - Brand Engagement Network Inc. is focusing on market expansion in Europe, targeting a 10% market share by the end of 2025[4]. - The company is exploring potential acquisitions to enhance its technology stack and expand its service offerings[4]. Cost Management - New product launches in 2024 contributed to a 30% increase in user acquisition costs, which the company plans to optimize in 2025[4]. Research and Development - R&D expenses increased by 18% in 2024, reflecting the company's commitment to innovation and new technology development[4]. Company Classification - Brand Engagement Network Inc. is classified as an emerging growth company under the Securities Act[3].