Filing Flows › Veea (VEEA) › Q4 2024
Veea (VEEA) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 15, 2025
Veea (VEEA) reported revenue of $33K for the fourth quarter 2024 (Q4 2024), +5% from a year earlier and -34% from the quarter before.
Veea, Q4 2024: revenue $33K (+5% year over year), net loss $927K, operating cash flow −$5.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $33K | -34% | +5% |
| Operating profit | −$14.2M | — | — |
| Net earnings | −$927K | — | — |
| Operating cash flow | −$5.8M | — | — |
What changed
Revenue was $33K in Q4 2024, up 5% year over year and down 34% from the previous quarter.
Gross margin was 23.6%. Operating costs exceeded revenue by $14.2M, an operating margin of -42335.5%. The fastest-growing cost line was Research & development (+1209%). The quarter ended with a net loss of $927K, narrower than the previous quarter's $33.3M loss. Non-operating items added $13.3M, -1429% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$5.8M. Non-cash charges added back $69K of depreciation and amortization and $6.3M of share-based compensation. Working capital and other items used $11.2M. Capital expenditures of $13K exceeded it, leaving free cash flow of −$5.8M.
Questions
What was Veea's revenue in the fourth quarter 2024?
Veea (VEEA) reported revenue of $33K for the fourth quarter 2024 (Q4 2024), +5% from a year earlier and -34% from the quarter before.
Source: Veea 10-K on SEC EDGAR.