Filing Flows › Vaso (VASO) › Q4 2024
Vaso (VASO) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
Vaso (VASO) reported revenue of $27.0M for the fourth quarter 2024 (Q4 2024), +23% from a year earlier and +30% from the quarter before. Operating margin was 8.0%, net earnings $2.1M (8.0% of revenue).
Vaso, Q4 2024: revenue $27.0M (+23% year over year), operating margin 8.0%, net earnings $2.1M, operating cash flow −$367K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $27.0M | +30% | +23% |
| Gross profit | $17.2M | +47% | +23% |
| Operating profit | $2.2M | — | +122% |
| Net earnings | $2.1M | — | +99% |
| Operating cash flow | −$367K | — | — |
What changed
Revenue was $27.0M in Q4 2024, up 23% year over year and up 30% from the previous quarter. Professional Sales Services was the largest line at 55% of revenue.
Gross margin was 63.7%, down 0.4 points from a year earlier. Operating profit was $2.2M, a 8.0% margin (up 3.5 points year over year). Of the extra revenue versus a year earlier, 23% reached operating profit, above the 4% margin then. Operating expenses grew 15% against revenue growth of 23%. The fastest-growing cost line was Research & development (+54%). Net earnings were $2.1M, up 99% year over year. The effective tax rate was 7.4%.
Operating cash flow was −$367K. Non-cash charges added back $194K of depreciation and amortization and $28K of share-based compensation. Working capital and other items used $2.7M.
Questions
What was Vaso's revenue in the fourth quarter 2024?
Vaso (VASO) reported revenue of $27.0M for the fourth quarter 2024 (Q4 2024), +23% from a year earlier and +30% from the quarter before.
Was Vaso profitable in the fourth quarter 2024?
Operating profit was $2.2M (8.0% of revenue) and net earnings $2.1M.
Source: Vaso 10-K on SEC EDGAR.