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CitroTech (CITR) Q4 2024 earnings results (fourth quarter 2024)

10-K filed Mar 31, 2025

CitroTech (CITR) reported revenue of $70K for the fourth quarter 2024 (Q4 2024), -73% from a year earlier and -35% from the quarter before.

Revenue$70K
Year over year-73%
Quarter over quarter-35%
Operating margin—
Net earnings−$1.8M

CitroTech, Q4 2024: revenue $70K (-73% year over year), net loss $1.8M, operating cash flow −$618K. The chart follows the revenue to costs, profit and cash.

Q4 2024AmountQ/QY/Y
Revenue$70K-35%-73%
Operating profit−$1.2M——
Net earnings−$1.8M——
Operating cash flow−$618K——

What changed

Revenue was $70K in Q4 2024, down 73% year over year and down 35% from the previous quarter.

Operating costs exceeded revenue by $1.2M, an operating margin of -1722.2%. The fastest-growing cost line was Sales & marketing (+429%). The quarter ended with a net loss of $1.8M, wider than the previous quarter's $655K loss.

Operating cash flow was −$618K. Non-cash charges added back $74K of depreciation and amortization. Working capital and other items added $1.1M.

Questions

What was CitroTech's revenue in the fourth quarter 2024?

CitroTech (CITR) reported revenue of $70K for the fourth quarter 2024 (Q4 2024), -73% from a year earlier and -35% from the quarter before.

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Source: CitroTech 10-K on SEC EDGAR.