Moatable Reports 2024 Annual Financial Results
Moatable (OTC: MTBLY) has reported strong financial results for Q4 and full-year 2024. The company achieved 27% revenue growth to $17.5 million in Q4 2024, while annual revenue increased 22% to $63.5 million. Gross profit saw a 23% increase to $13.2 million in Q4, with annual gross profit up 18% to $48.3 million.
The company significantly improved its operational efficiency, reducing its loss from operations by 95% to $0.2 million in Q4 2024, and by 75% to $3.0 million for the full year. Adjusted EBITDA turned positive, showing a 47% increase to $339,000 in Q4 and reaching $1.7 million for 2024, compared to a $4.8 million loss in 2023.
The company maintained positive operating cash flows for three consecutive quarters in 2024, though total cash and equivalents decreased to $31.9 million from $39.0 million year-over-year.
Moatable (OTC: MTBLY) ha riportato risultati finanziari solidi per il quarto trimestre e l'intero anno 2024. L'azienda ha registrato una crescita del fatturato del 27% raggiungendo 17,5 milioni di dollari nel Q4 2024, mentre il fatturato annuo è aumentato del 22% a 63,5 milioni di dollari. Il profitto lordo è cresciuto del 23% a 13,2 milioni di dollari nel Q4, con un incremento annuale del 18% a 48,3 milioni.
L'azienda ha migliorato significativamente la propria efficienza operativa, riducendo la perdita operativa del 95% a 0,2 milioni di dollari nel Q4 2024 e del 75% a 3,0 milioni per l'intero anno. L'EBITDA rettificato è tornato positivo, con un aumento del 47% a 339.000 dollari nel Q4, raggiungendo 1,7 milioni nel 2024, rispetto a una perdita di 4,8 milioni nel 2023.
La società ha mantenuto flussi di cassa operativi positivi per tre trimestri consecutivi nel 2024, anche se la liquidità totale e equivalenti è diminuita a 31,9 milioni di dollari dai 39,0 milioni dell'anno precedente.
Moatable (OTC: MTBLY) ha presentado sólidos resultados financieros para el cuarto trimestre y todo el año 2024. La compañía logró un crecimiento de ingresos del 27% alcanzando 17,5 millones de dólares en el Q4 2024, mientras que los ingresos anuales aumentaron un 22% hasta 63,5 millones. El beneficio bruto creció un 23% hasta 13,2 millones en el Q4, con un aumento anual del 18% hasta 48,3 millones.
La empresa mejoró significativamente su eficiencia operativa, reduciendo su pérdida operativa en un 95% a 0,2 millones en el Q4 2024 y en un 75% a 3,0 millones en todo el año. El EBITDA ajustado se volvió positivo, mostrando un aumento del 47% a 339,000 en el Q4 y alcanzando 1,7 millones en 2024, frente a una pérdida de 4,8 millones en 2023.
La compañía mantuvo flujos de caja operativos positivos durante tres trimestres consecutivos en 2024, aunque el efectivo total y equivalentes disminuyeron a 31,9 millones desde 39,0 millones interanuales.
Moatable (OTC: MTBLY)는 2024년 4분기 및 연간 실적에서 강력한 재무 성과를 보고했습니다. 회사는 2024년 4분기에 매출이 27% 증가하여 1,750만 달러를 기록했으며, 연간 매출은 22% 증가한 6,350만 달러를 달성했습니다. 4분기 총이익은 23% 증가한 1,320만 달러였고, 연간 총이익은 18% 증가한 4,830만 달러였습니다.
회사는 운영 효율성을 크게 개선하여 2024년 4분기 영업손실을 95% 줄여 20만 달러로, 연간 영업손실은 75% 감소한 300만 달러로 줄였습니다. 조정 EBITDA는 4분기에 47% 증가한 33만 9천 달러로 흑자 전환했으며, 2024년에는 170만 달러를 기록해 2023년 480만 달러 적자에서 크게 개선되었습니다.
회사는 2024년 3분기 연속으로 긍정적인 영업현금흐름을 유지했으나, 총 현금 및 현금성 자산은 전년 대비 3900만 달러에서 3190만 달러로 감소했습니다.
Moatable (OTC : MTBLY) a annoncé de solides résultats financiers pour le quatrième trimestre et l'année complète 2024. La société a enregistré une croissance du chiffre d'affaires de 27% à 17,5 millions de dollars au T4 2024, tandis que le chiffre d'affaires annuel a augmenté de 22% pour atteindre 63,5 millions de dollars. Le bénéfice brut a augmenté de 23% à 13,2 millions de dollars au T4, avec une hausse annuelle de 18% à 48,3 millions.
L'entreprise a considérablement amélioré son efficacité opérationnelle, réduisant sa perte d'exploitation de 95% à 0,2 million de dollars au T4 2024, et de 75% à 3,0 millions sur l'année complète. L’EBITDA ajusté est redevenu positif, affichant une hausse de 47% à 339 000 dollars au T4 et atteignant 1,7 million pour 2024, contre une perte de 4,8 millions en 2023.
La société a maintenu des flux de trésorerie opérationnels positifs pendant trois trimestres consécutifs en 2024, bien que la trésorerie totale et les équivalents aient diminué à 31,9 millions de dollars contre 39,0 millions l’année précédente.
Moatable (OTC: MTBLY) hat starke Finanzergebnisse für das vierte Quartal und das Gesamtjahr 2024 gemeldet. Das Unternehmen erzielte im Q4 2024 ein Umsatzwachstum von 27% auf 17,5 Millionen US-Dollar, während der Jahresumsatz um 22% auf 63,5 Millionen US-Dollar stieg. Der Bruttogewinn stieg im Q4 um 23% auf 13,2 Millionen US-Dollar, mit einem jährlichen Anstieg von 18% auf 48,3 Millionen.
Das Unternehmen verbesserte seine operative Effizienz erheblich und reduzierte seinen operativen Verlust im Q4 2024 um 95% auf 0,2 Millionen US-Dollar und für das Gesamtjahr um 75% auf 3,0 Millionen US-Dollar. Das bereinigte EBITDA wurde positiv und stieg im Q4 um 47% auf 339.000 US-Dollar, wobei es für 2024 1,7 Millionen erreichte, im Vergleich zu einem Verlust von 4,8 Millionen im Jahr 2023.
Das Unternehmen erzielte 2024 drei Quartale in Folge positive operative Cashflows, obwohl die liquiden Mittel und Äquivalente im Jahresvergleich von 39,0 Millionen auf 31,9 Millionen US-Dollar sanken.
- Revenue growth of 27% YoY in Q4 2024 to $17.5M
- Gross profit increased 23% to $13.2M in Q4 2024
- Operating loss reduced by 95% YoY in Q4 2024
- Positive Adjusted EBITDA of $1.7M in 2024 vs -$4.8M loss in 2023
- Positive operating cash flows for three consecutive quarters
- Still operating at a loss of $3.0M in 2024
- Cash position decreased from $39.0M to $31.9M YoY
- Operating expenses remained high at $51.3M for 2024
Fourth Quarter 2024 and 2024 Annual Financial Highlights
- Revenue increased
27% over Q4 2023 to$17.5 million 22% , to$63.5 million - Gross profit increased
23% over Q4 2023 to$13.2 million 18% to$48.3 million - Loss from operations improved 95% from a loss of
$4.0 million $0.2 million 75% to$3.0 million $11.8 million - Adjusted EBITDA* increased
47% from a profit of$231 thousand $339 thousand $1.7 million $4.8 million - Total cash & cash equivalents and restricted cash were $31.9 million as of December 31, 2024 as compared to
$39.0 million
"Moatable has achieved remarkable growth in revenue, cash flows and productivity. We are pleased to see continued revenue growth over the past twelve consecutive quarters and positive operating cash flows during each of the recent three quarters. Our revenue increased 70% from
* Adjusted EBITDA is a non-GAAP measure. We define adjusted EBITDA as loss from operations excluding share-based compensation expenses, depreciation and amortization expenses, impairment of intangibles, and certain other non-recurring expenses. See the table "Reconciliation of Non-GAAP Financial Measure to the Comparable GAAP Financial Measure" below for details.
About Moatable Inc.
Moatable, Inc. (OTC Pink: MTBLY) operates two US-based SaaS businesses, including Lofty and Trucker Path. Moatable's American depositary shares, each of which currently represents forty-five Class A ordinary shares, trade on OTC Pink open market under the symbol "MTBLY". For more news and information on Moatable, please visit Moatable.com.
Forward-Looking Statements
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the
Non-GAAP Financial Information
This press release includes certain financial measures that are not presented in accordance with
We believe that these non-GAAP financial measures are provided to enhance the reader's understanding of our past financial performance and our prospects for the future. Our management team uses these non-GAAP financial measures in assessing the Company's performance, as well as in planning and forecasting future periods. The non-GAAP financial information is presented for supplemental informational purposes only and should not be considered a substitute for financial information presented in accordance with GAAP, and may be different from similarly titled non-GAAP measures used by other companies.
MOATABLE, INC. | ||||||||||||
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) | ||||||||||||
FOR THE THREE AND TWELVE MONTHS ENDED DECEMBR 31, 2023 and 2024 | ||||||||||||
(In thousands of US dollars) | ||||||||||||
For the three months ended December 31, | For the twelve months ended December 31, | |||||||||||
2023 | 2024 | 2023 | 2024 | |||||||||
Total revenues | 13,765 | 17,461 | 52,073 | 63,459 | ||||||||
Total Cost of revenues: | 3,055 | 4,280 | 11,212 | 15,149 | ||||||||
Gross profit | 10,710 | 13,181 | 40,861 | 48,310 | ||||||||
Operating expenses | ||||||||||||
Selling and marketing | 5,119 | 5,398 | 19,840 | 19,324 | ||||||||
Research and development | 4,278 | 5,309 | 18,358 | 19,101 | ||||||||
General and administrative | 3,396 | 2,643 | 12,599 | 12,638 | ||||||||
Impairment of intangible assets | 1,895 | — | 1,895 | 207 | ||||||||
Total operating expenses | 14,688 | 13,350 | 52,692 | 51,270 | ||||||||
Loss from operations | $ | (3,978) | $ | (169) | $ | (11,831) | $ | (2,960) | ||||
RECONCILIATION OF NON-GAAP FINANCIAL MEASURE TO THE COMPARABLE GAAP | ||||||||||||
FOR THE THREE AND TWELVE MONTHS ENDED DECEMBER 31, 2023 and 2024 | ||||||||||||
(In thousands of US dollars, except share data and per share data) | ||||||||||||
For the three months ended December 31, | For the twelve months ended December 31, | |||||||||||
2023 | 2024 | 2023 | 2024 | |||||||||
Loss from operations | $ | (3,978) | $ | (169) | $ | (11,831) | $ | (2,960) | ||||
Plus (minus) | ||||||||||||
Share-based compensation expense | 702 | 127 | 2,967 | 1,726 | ||||||||
Depreciation and amortization expenses | 357 | 381 | 930 | 1,019 | ||||||||
Impairment of intangibles | 1,895 | — | 1,895 | 207 | ||||||||
Correction of prior year error | 550 | — | 550 | (833) | ||||||||
Provision for insurance reimbursements | — | — | — | 1,737 | ||||||||
Arbitration fees | 705 | — | 705 | 847 | ||||||||
Adjusted EBITDA | 231 | 339 | (4,784) | 1,743 | ||||||||
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SOURCE Moatable, Inc.
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