Filing Flows › Nexalin Technology (NXL) › Q4 2024
Nexalin Technology (NXL) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 14, 2025
Nexalin Technology (NXL) reported revenue of $27K for the fourth quarter 2024 (Q4 2024), +32% from a year earlier and -25% from the quarter before.
Nexalin Technology, Q4 2024: revenue $27K (+32% year over year), net loss $2.8M, operating cash flow −$1.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $27K | -25% | +32% |
| Operating profit | −$2.9M | — | — |
| Net earnings | −$2.8M | — | — |
| Operating cash flow | −$1.1M | — | — |
What changed
Revenue was $27K in Q4 2024, up 32% year over year and down 25% from the previous quarter. Licensing Fee was the largest line at 55% of revenue.
Gross margin was 72.4%, down 2.1 points from a year earlier. Operating costs exceeded revenue by $2.9M, an operating margin of -10579.5%. Operating expenses grew 77% against revenue growth of 32%. The fastest-growing cost line was Research & development (+828%). The quarter ended with a net loss of $2.8M, wider than the previous quarter's $2.4M loss.
Operating cash flow was −$1.1M. Non-cash charges added back $1.6M of share-based compensation. Working capital and other items added $147K.
Questions
What was Nexalin Technology's revenue in the fourth quarter 2024?
Nexalin Technology (NXL) reported revenue of $27K for the fourth quarter 2024 (Q4 2024), +32% from a year earlier and -25% from the quarter before.
Source: Nexalin Technology 10-K on SEC EDGAR.