Filing Flows › IP Strategy Holdings (IPST) › Q4 2024
IP Strategy Holdings (IPST) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 28, 2025
IP Strategy Holdings (IPST) reported revenue of $3.1M for the fourth quarter 2024 (Q4 2024), +26% from a year earlier and +76% from the quarter before. Operating margin was -268.8%, net loss $4.7M (152.5% of revenue).
IP Strategy Holdings, Q4 2024: revenue $3.1M (+26% year over year), operating margin -268.8%, net loss $4.7M, operating cash flow −$5.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1M | +76% | +26% |
| Operating profit | −$8.3M | — | — |
| Net earnings | −$4.7M | — | — |
| Operating cash flow | −$5.0M | — | — |
What changed
Revenue was $3.1M in Q4 2024, up 26% year over year and up 76% from the previous quarter. Direct to Consumer was the largest line at 44% of revenue.
Gross margin was 11.0%, down 20.1 points from a year earlier. Operating costs exceeded revenue by $8.3M, an operating margin of -268.8%. Operating expenses grew 204% against revenue growth of 26%. The fastest-growing cost line was General & admin (+333%). The quarter ended with a net loss of $4.7M, wider than the previous quarter's $3.4M loss. Non-operating items added $3.6M, -76% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$5.0M. Non-cash charges added back $300K of depreciation and $4.9M of share-based compensation. Working capital and other items used $5.5M. Capital expenditures of $74K exceeded it, leaving free cash flow of −$5.1M.
Questions
What was IP Strategy Holdings' revenue in the fourth quarter 2024?
IP Strategy Holdings (IPST) reported revenue of $3.1M for the fourth quarter 2024 (Q4 2024), +26% from a year earlier and +76% from the quarter before.
Was IP Strategy Holdings profitable in the fourth quarter 2024?
Operating loss was $8.3M (-268.8% of revenue) and net loss $4.7M.