OneMedNet reported a Q4 2024 revenue base of $26,000, down 92.4% year-over-year and down 81.7% quarter-over-quarter, underscoring a material scale-up challenge for its AI-enabled imaging data platform. The company posted a gross loss of $26,000 and an operating loss of $2.666 million for the quarter, contributing to a net loss of $2.374 million and an EPS of -$0.14. Operating cash flow remained deeply negative at -$2.028 million, driving free cash flow to -$2.062 million for the period. Liquidity is tight, with cash and cash equivalents of only $172,000 at quarter-end versus $1.934 million at the start of the period, and a current ratio of 0.188x.
Key Performance Indicators
Revenue
Decreasing
26.00K
QoQ: -81.69% | YoY: -92.37%
Gross Profit
Decreasing
-26.00K
-1.00% margin
QoQ: 69.05% | YoY: -868.32%
Operating Income
Increasing
-2.67M
QoQ: -11.69% | YoY: 32.73%
Net Income
Increasing
-2.37M
QoQ: -15.35% | YoY: 86.99%
EPS
Increasing
-0.14
QoQ: -89.70% | YoY: 94.57%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue: $26,000 in Q4 2024, YoY -92.37%, QoQ -81.69%. Gross Profit: -$26,000, YoY -868.32%, QoQ +69.05%. Operating Income: -$2.666 million, YoY +32.73%, QoQ -11.69%. Net Income: -$2.374 million, YoY +86.99%, QoQ -15.35%. EBITDA: -$2.319 million, EBITDA margin -89.19%. EPS: -$0.14, YoY +94.57%, QoQ -89.70%. Cash from operations: -$2.027 million; Free Cash Flow: -$2.062 million. Cash at end of period: $0.172 million; Total liabilities: $19.677 million vs Total assets: $3.727 million; Net stockholders’ equity: -$15.950 million. Current ratio: 0.188; Quick ratio: 0.188. Short-term debt: $8.763 million. Net debt: $8.591 million.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
26.00K
-92.37%
-81.69%
Gross Profit
-26.00K
-868.32%
69.05%
Operating Income
-2.67M
32.73%
-11.69%
Net Income
-2.37M
86.99%
-15.35%
EPS
-0.14
94.57%
-89.70%
Key Financial Ratios
Gross Profit Margin
Weak
-1.00%
Gross profit margin is below industry norms, profitability concerns
Operating Profit Margin
Weak
-102.54%
Operating margin is below industry norms, profitability concerns
Net Profit Margin
Weak
-91.31%
Net profit margin is below industry norms, profitability concerns
Return on Assets
Weak
-0.64%
Return on assets suggests inefficient capital allocation
Return on Equity
Good
14.90%
Return on equity shows solid performance and effective asset utilization
Current Ratio
Concern
0.19
Current ratio below safe levels, potential liquidity risk
Debt to Equity
Conservative
-0.55
Debt-to-equity shows conservative leverage and low financial risk
P/E Ratio
Negative
-4.02x
Negative earnings make P/E ratio not meaningful
Price to Book
Undervalued
-2.39x
Trading below book value, potential value opportunity or distressed
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