Filing Flows › Kinetic Seas (KSEZ) › Q4 2024
Kinetic Seas (KSEZ) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 24, 2025
Kinetic Seas (KSEZ) reported revenue of $73K for the fourth quarter 2024 (Q4 2024) and +13% from the quarter before.
Kinetic Seas, Q4 2024: revenue $73K, net loss $2.2M, operating cash flow −$218K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $73K | +13% | — |
| Operating profit | −$2.1M | — | — |
| Net earnings | −$2.2M | — | — |
| Operating cash flow | −$218K | — | — |
What changed
Revenue was $73K in Q4 2024, up 13% from the previous quarter.
Gross margin was 30.4%. Operating costs exceeded revenue by $2.1M, an operating margin of -2846.3%. The quarter ended with a net loss of $2.2M, wider than the previous quarter's $1.1M loss.
Operating cash flow was −$218K. Non-cash charges added back $9K of depreciation and $375K of share-based compensation. Working capital and other items added $1.6M.
Questions
What was Kinetic Seas' revenue in the fourth quarter 2024?
Kinetic Seas (KSEZ) reported revenue of $73K for the fourth quarter 2024 (Q4 2024) and +13% from the quarter before.
Source: Kinetic Seas 10-K on SEC EDGAR.