Filing Flows › Cenntro (CENN) › Q4 2024
Cenntro (CENN) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 1, 2025
Cenntro (CENN) reported revenue of $2.9M for the fourth quarter 2024 (Q4 2024) and -82% from the quarter before. Operating margin was -113.3%, net loss $17.5M (613.4% of revenue).
Cenntro, Q4 2024: revenue $2.9M, operating margin -113.3%, net loss $17.5M, operating cash flow −$8.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.9M | -82% | — |
| Operating profit | −$3.2M | — | — |
| Net earnings | −$17.5M | — | — |
| Operating cash flow | −$8.5M | — | — |
What changed
Revenue was $2.9M in Q4 2024, down 82% from the previous quarter.
Gross margin was 81.5%. Operating costs exceeded revenue by $3.2M, an operating margin of -113.3%. The quarter ended with a net loss of $17.5M, wider than the previous quarter's $9.0M loss. Minority interests bore $21K of it: to shareholders the quarter was a loss of $17.5M. Net interest and other expense of $14.3M was the main reason.
Operating cash flow was −$8.5M. Non-cash charges added back $405K of depreciation and amortization and $727K of share-based compensation. Working capital and other items added $7.9M. Capital expenditures of $126K exceeded it, leaving free cash flow of −$8.6M.
Questions
What was Cenntro's revenue in the fourth quarter 2024?
Cenntro (CENN) reported revenue of $2.9M for the fourth quarter 2024 (Q4 2024) and -82% from the quarter before.
Was Cenntro profitable in the fourth quarter 2024?
Operating loss was $3.2M (-113.3% of revenue) and net loss $17.5M.
Source: Cenntro 10-K on SEC EDGAR.