Filing Flows › Smartbird (BIRD) › Q4 2024
Smartbird (BIRD) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 12, 2025
Smartbird (BIRD) reported revenue of $55.9M for the fourth quarter 2024 (Q4 2024), -22% from a year earlier and +30% from the quarter before. Operating margin was -46.1%, net loss $25.7M (46.0% of revenue).
Smartbird, Q4 2024: revenue $55.9M (-22% year over year), operating margin -46.1%, net loss $25.7M, operating cash flow −$10.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $55.9M | +30% | -22% |
| Operating profit | −$25.8M | — | — |
| Net earnings | −$25.7M | — | — |
| Operating cash flow | −$10.8M | — | — |
What changed
Revenue was $55.9M in Q4 2024, down 22% year over year and up 30% from the previous quarter.
Gross margin was 31.3%, down 6.7 points from a year earlier. Operating costs exceeded revenue by $25.8M, an operating margin of -46.1%. Operating expenses fell 49% while revenue fell 22%. The quarter ended with a net loss of $25.7M, wider than the previous quarter's $21.2M loss.
Operating cash flow was −$10.8M. Non-cash charges added back $2.2M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items added $10.1M. Capital expenditures of $1.0M exceeded it, leaving free cash flow of −$11.9M.
Questions
What was Smartbird's revenue in the fourth quarter 2024?
Smartbird (BIRD) reported revenue of $55.9M for the fourth quarter 2024 (Q4 2024), -22% from a year earlier and +30% from the quarter before.
Was Smartbird profitable in the fourth quarter 2024?
Operating loss was $25.8M (-46.1% of revenue) and net loss $25.7M.
Source: Smartbird 10-K on SEC EDGAR.