Financial Performance - For the fiscal year ended December 31, 2024, the company recognized approximately $18.1 million in revenue from operations, an increase of approximately $16.1 million compared to the previous year[172]. - The company incurred a loss from operations of approximately $11.5 million in 2024, a decrease from a loss of $21.8 million in 2023[172]. - The company reported a gain of approximately $5.2 million from marketable securities for the year ended December 31, 2024, an increase of approximately $4.6 million over the prior period[173]. - The company experienced a net loss of approximately $14.7 million in 2024, influenced by various factors including changes in long-term investments and marketable securities[176]. Investment and Cash Flow - The carrying value of long-term investments decreased by approximately $7.1 million in 2024, compared to an increase of $0.8 million in 2023, resulting in a change of approximately $7.8 million[173]. - Net cash used in operating activities was approximately $15.1 million for the year ended December 31, 2024, compared to $22.2 million in 2023[176]. - Net cash provided by investing activities was approximately $16.3 million in 2024, compared to a net cash used of $7.2 million in 2023[177]. Working Capital and Future Plans - As of December 31, 2024, the company had approximately $24.4 million in working capital, with $4 million in cash and cash equivalents and $5.8 million in marketable securities[174]. - The company raised approximately $13.5 million subsequent to December 31, 2024, which is available to fund operations[174]. - The company plans to finance its activities through increased revenue, managing cash and cash equivalents, and seeking additional funds through securities sales or credit facilities[173].
Dominari (DOMH) - 2024 Q4 - Annual Report