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Onconetix (ONCO) Q4 2024 earnings results (fourth quarter 2024)

10-K filed Jun 2, 2025

Onconetix (ONCO) reported revenue of $712K for the fourth quarter 2024 (Q4 2024) and +75% from the quarter before.

Revenue$712K
Year over year—
Quarter over quarter+75%
Operating margin—
Net earnings−$29.4M

Onconetix, Q4 2024: revenue $712K, net loss $29.4M, operating cash flow −$918K. The chart follows the revenue to costs, profit and cash.

Q4 2024AmountQ/QY/Y
Revenue$712K+75%—
Operating profit−$29.1M——
Net earnings−$29.4M——
Operating cash flow−$918K——

What changed

Revenue was $712K in Q4 2024, up 75% from the previous quarter.

Gross margin was 92.7%. Operating costs exceeded revenue by $29.1M, an operating margin of -4093.7%. The quarter ended with a net loss of $29.4M, wider than the previous quarter's $3.8M loss.

Operating cash flow was −$918K. Non-cash charges added back $119K of depreciation and amortization and $340K of share-based compensation. Working capital and other items added $28.1M. Capital expenditures of $4K exceeded it, leaving free cash flow of −$922K.

Questions

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

Onconetix (ONCO) reported revenue of $712K for the fourth quarter 2024 (Q4 2024) and +75% from the quarter before.

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Source: Onconetix 10-K on SEC EDGAR.