Filing Flows › TruGolf Holdings (TRUG) › Q4 2024
TruGolf Holdings (TRUG) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 15, 2025
TruGolf Holdings (TRUG) reported revenue of $6.7M for the fourth quarter 2024 (Q4 2024), -0.9% from a year earlier and +8% from the quarter before. Operating margin was -18.5%, net loss $5.9M (87.0% of revenue).
TruGolf Holdings, Q4 2024: revenue $6.7M (-0.9% year over year), operating margin -18.5%, net loss $5.9M, operating cash flow −$7.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.7M | +8% | -0.9% |
| Operating profit | −$1.2M | — | — |
| Net earnings | −$5.9M | — | — |
| Operating cash flow | −$7.1M | — | — |
What changed
Revenue was $6.7M in Q4 2024, down 1% year over year and up 8% from the previous quarter.
Gross margin was 58.5%, up 7.0 points from a year earlier. Operating costs exceeded revenue by $1.2M, an operating margin of -18.5%. Operating expenses fell 3% while revenue fell 1%. The quarter ended with a net loss of $5.9M, wider than the previous quarter's $60K loss. Net interest and other expense of $4.6M was the main reason.
Operating cash flow was −$7.1M. Working capital and other items used $1.2M.
Questions
What was TruGolf Holdings' revenue in the fourth quarter 2024?
TruGolf Holdings (TRUG) reported revenue of $6.7M for the fourth quarter 2024 (Q4 2024), -0.9% from a year earlier and +8% from the quarter before.
Was TruGolf Holdings profitable in the fourth quarter 2024?
Operating loss was $1.2M (-18.5% of revenue) and net loss $5.9M.
Source: TruGolf Holdings 10-K on SEC EDGAR.