Core Insights - Concorde International Group Ltd. reported a gross profit increase of 20.8% in 2024 compared to 2023, reaching approximately $3.6 million [1][4][7] - The company completed its IPO on April 22, 2025, raising gross proceeds of $5.75 million, which will support its growth strategy [3][5][7] Financial Performance - Revenue for 2024 was approximately $10.5 million, a slight decrease of 1.5% from $10.7 million in 2023 [4][7] - Operating loss for 2024 was approximately $83.6 million, significantly impacted by a one-time, non-cash share-based compensation expense of $83.2 million [5][13] - The gross profit margin improved to approximately 34.5% in 2024 from 28.1% in 2023 [7] Business Strategy - The company aims to scale its high-margin recurring revenue through the deployment of its I-Guarding services, which can service multiple locations with minimal additional costs [3][4] - Plans for international expansion over the next 24 months include targeting Malaysia, Australia, and North America through partnerships with local security providers [3][4] Technological Advancements - Concorde's offerings include patented technologies such as the I-Man Facility Sprinter and the Intelligent Facility Authenticator, which enhance security and operational efficiency [3][8] - The company has four granted global patents supporting its innovative security solutions [3]