Financial Performance - Total revenue increased 8% year-over-year to 169 million[10] - Full year 2024 gross profit increased 1% year-over-year to 1.1 million in Q4 2024, consistent with the prior year[10] - Net loss for 2024 was 0.6 million in 2023[20] - EBITDA for 2024 decreased to 6.8 million in 2023, representing a decline of approximately 72%[20] - Adjusted EBITDA rose 43% year-over-year to 6.3 million, down from 27 billion[1] - The company had cash and cash equivalents of 25 million as of December 31, 2024[7] Operating Expenses - Total operating expenses increased to 7.8 million in the prior year, primarily due to refinancing costs[5] - Interest expense decreased from 4.0 million in 2024[20] - The provision for income taxes changed from a benefit of 1.4 million in 2024[20] - Depreciation and amortization slightly decreased from 1.0 million in 2024[20] - Business combination and refinancing costs increased significantly from 4.4 million in 2024[20] Strategic Focus - The company is focused on a robust acquisition and recruiting pipeline for future growth[2] - The successful refinancing of senior notes resulted in more favorable terms compared to the prior facility[10]
Binah Capital Group, Inc.(BCG) - 2024 Q4 - Annual Results