Filing Flows › XMax (XMAX) › Q4 2024
XMax (XMAX) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
XMax (XMAX) reported revenue of $2.0M for the fourth quarter 2024 (Q4 2024), -12% from a year earlier and -23% from the quarter before. Operating margin was -48.4%, net loss $1.1M (53.3% of revenue).
XMax, Q4 2024: revenue $2.0M (-12% year over year), operating margin -48.4%, net loss $1.1M, operating cash flow −$263K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0M | -23% | -12% |
| Operating profit | −$970K | — | — |
| Net earnings | −$1.1M | — | — |
| Operating cash flow | −$263K | — | — |
What changed
Revenue was $2.0M in Q4 2024, down 12% year over year and down 23% from the previous quarter.
Gross margin was 42.8%, down 1.2 points from a year earlier. Operating costs exceeded revenue by $1.0M, an operating margin of -48.4%. Operating expenses fell 62% while revenue fell 12%. The fastest-growing cost line was General & admin (+41%). The quarter ended with a net loss of $1.1M, narrower than the previous quarter's $2.5M loss.
Operating cash flow was −$263K. Non-cash charges added back $16K of depreciation and amortization and $124K of share-based compensation. Working capital and other items added $666K.
Questions
What was XMax's revenue in the fourth quarter 2024?
XMax (XMAX) reported revenue of $2.0M for the fourth quarter 2024 (Q4 2024), -12% from a year earlier and -23% from the quarter before.
Was XMax profitable in the fourth quarter 2024?
Operating loss was $970K (-48.4% of revenue) and net loss $1.1M.
Source: XMax 10-K on SEC EDGAR.