Filing Flows › Clean Energy Technologies (CETY) › Q4 2024
Clean Energy Technologies (CETY) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 14, 2025
Clean Energy Technologies (CETY) reported revenue of $480K for the fourth quarter 2024 (Q4 2024), -95% from a year earlier and +104% from the quarter before. Operating margin was -116.8%, net loss $1.0M (208.1% of revenue).
Clean Energy Technologies, Q4 2024: revenue $480K (-95% year over year), operating margin -116.8%, net loss $1.0M, operating cash flow −$772K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $480K | +104% | -95% |
| Operating profit | −$561K | — | — |
| Net earnings | −$1.0M | — | — |
| Operating cash flow | −$772K | — | — |
What changed
Revenue was $480K in Q4 2024, down 95% year over year and up 104% from the previous quarter.
Gross margin was 42.7%, up 41.7 points from a year earlier. Operating costs exceeded revenue by $561K, an operating margin of -116.8%. Operating expenses fell 40% while revenue fell 95%. The quarter ended with a net loss of $1.0M, narrower than the previous quarter's $1.3M loss.
Operating cash flow was −$772K. Working capital and other items added $227K.
Questions
What was Clean Energy Technologies' revenue in the fourth quarter 2024?
Clean Energy Technologies (CETY) reported revenue of $480K for the fourth quarter 2024 (Q4 2024), -95% from a year earlier and +104% from the quarter before.
Was Clean Energy Technologies profitable in the fourth quarter 2024?
Operating loss was $561K (-116.8% of revenue) and net loss $1.0M.