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Mitesco (MITI) Q4 2024 earnings results (fourth quarter 2024)

10-K filed Mar 31, 2025

Mitesco (MITI) reported revenue of $14K for the fourth quarter 2024 (Q4 2024) and -40% from the quarter before.

Revenue$14K
Year over year—
Quarter over quarter-40%
Operating margin—
Net earnings−$4.2M

Mitesco, Q4 2024: revenue $14K, net loss $4.2M, operating cash flow −$115K. The chart follows the revenue to costs, profit and cash.

Q4 2024AmountQ/QY/Y
Revenue$14K-40%—
Operating profit−$472K——
Net earnings−$4.2M——
Operating cash flow−$115K——

What changed

Revenue was $14K in Q4 2024, down 40% from the previous quarter.

Operating costs exceeded revenue by $472K, an operating margin of -3323.6%. The quarter ended with a net loss of $4.2M, after a profit of $2.1M the previous quarter. Net interest and other expense of $3.8M was the main reason.

Operating cash flow was −$115K. Non-cash charges added back $314K of share-based compensation. Working capital and other items added $3.8M.

Questions

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

Mitesco (MITI) reported revenue of $14K for the fourth quarter 2024 (Q4 2024) and -40% from the quarter before.

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Source: Mitesco 10-K on SEC EDGAR.