Filing Flows › Ciso Global (CISO) › Q4 2024
Ciso Global (CISO) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
Ciso Global (CISO) reported revenue of $7.4M for the fourth quarter 2024 (Q4 2024), -9% from a year earlier and -1% from the quarter before. Operating margin was -26.1%, net loss $5.5M (74.5% of revenue).
Ciso Global, Q4 2024: revenue $7.4M (-9% year over year), operating margin -26.1%, net loss $5.5M, operating cash flow −$259K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.4M | -1% | -9% |
| Operating profit | −$1.9M | — | — |
| Net earnings | −$5.5M | — | — |
| Operating cash flow | −$259K | — | — |
What changed
Revenue was $7.4M in Q4 2024, down 9% year over year and down 1% from the previous quarter. Security Managed Services was the largest line at 89% of revenue.
Gross margin was 24.8%, up 13.2 points from a year earlier. Operating costs exceeded revenue by $1.9M, an operating margin of -26.1%. Operating expenses fell 64% while revenue fell 9%. The quarter ended with a net loss of $5.5M, wider than the previous quarter's $3.7M loss. Net interest and other expense of $3.6M was the main reason.
Operating cash flow was −$259K. Non-cash charges added back $471K of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items added $2.7M.
Questions
What was Ciso Global's revenue in the fourth quarter 2024?
Ciso Global (CISO) reported revenue of $7.4M for the fourth quarter 2024 (Q4 2024), -9% from a year earlier and -1% from the quarter before.
Was Ciso Global profitable in the fourth quarter 2024?
Operating loss was $1.9M (-26.1% of revenue) and net loss $5.5M.
Source: Ciso Global 10-K on SEC EDGAR.