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Pulmatrix (PULM) Q4 2024 earnings results (fourth quarter 2024)

10-K filed Mar 21, 2025

Pulmatrix (PULM) reported revenue of $3K for the fourth quarter 2024 (Q4 2024), -100% from a year earlier and -99% from the quarter before.

Revenue$3K
Year over year-100%
Quarter over quarter-99%
Operating margin—
Net earnings−$2.0M

Pulmatrix, Q4 2024: revenue $3K (-100% year over year), net loss $2.0M, operating cash flow −$1.3M. The chart follows the revenue to costs, profit and cash.

Q4 2024AmountQ/QY/Y
Revenue$3K-99%-100%
Operating profit−$2.0M——
Net earnings−$2.0M——
Operating cash flow−$1.3M——

What changed

Revenue was $3K in Q4 2024, down 100% year over year and down 99% from the previous quarter.

Operating costs exceeded revenue by $2.0M, an operating margin of -65066.7%. Total costs fell 56% while revenue fell 100%. The fastest-growing cost line was General & admin (+114%). The quarter ended with a net loss of $2.0M, narrower than the previous quarter's $2.6M loss.

Operating cash flow was −$1.3M. Non-cash charges added back $13K of share-based compensation. Working capital and other items added $712K.

Questions

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

Pulmatrix (PULM) reported revenue of $3K for the fourth quarter 2024 (Q4 2024), -100% from a year earlier and -99% from the quarter before.

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Source: Pulmatrix 10-K on SEC EDGAR.