Janover Inc. Reports Fourth Quarter and Full Year 2024 Financial Results with a 488% Increase in SaaS Revenue and 80% YoY Quarterly Growth

Core Insights - Janover Inc. reported a significant transformation in its business model, with a 488% year-over-year increase in SaaS subscription revenue for Q4 2024, indicating a strategic pivot to a subscription-first approach [2][6] - The company achieved an annual recurring revenue (ARR) of approximately $812,000, reflecting a 194% increase compared to the previous year [3][6] Financial Performance - For Q4 2024, total revenue was approximately $629,000, an 80% increase from approximately $350,000 in Q4 2023, driven by subscription revenue and platform fees [3][5] - Subscription revenue for the year ended December 31, 2024, was approximately $480,000, compared to approximately $32,000 for the same period in 2023, marking a substantial growth [3][4] - The net loss for Q4 2024 was approximately $486,000, a 59% improvement from a net loss of approximately $1.2 million in Q4 2023 [4][6] Operational Highlights - The company experienced a 73% improvement in cash flow from operations year-over-year for Q4 2024 [6] - Janover's recurring revenue accounted for approximately 23% of total revenue in 2024, a significant increase from less than 1% in 2023 [3][4] Market Position - Janover serves over one million web users annually, including multifamily and commercial property professionals, and connects them with various financing options [9]