Month: February 2025

Fourth Quarter Revenue Growth of 165% Year-Over-Year to $147.5 million Fourth Quarter Variable Marketing Dollars Increases Over 110% Year-Over-Year to $44.0 million Delivers Fourth Quarter Net Income of $12.3 million and Adjusted EBITDA of $18.9 million Full Year Revenue Grows 74% and Variable Marketing Dollars Increases 55%, Year-Over-Year Full Year Net Income Increases to $32.2 million and Generates Operating Cash Flow of $66.6 millionCAMBRIDGE, Mass., Feb. 24, 2025 (GLOBE NEWSWIRE) — EverQuote, Inc. (Nasdaq: EVER), a leading online insurance marketplace, today announced financial results for the fourth quarter and full year ended December 31, 2024. “I am proud of our remarkable team and our financial accomplishments in 2024. We grew revenue by 74% year-over-year to cross the $500 million mark for the first time, increased...

HighlightsFourth quarter 2024 revenue of $211 million, grew 7% year-over-year driven by continued demand for Pharmacogenomics (14%) and Prenatal (12%) testing. Fourth quarter GAAP gross margin of 71.7%, increased 300 basis points year-over-year, benefiting from improving revenue per test trends and greater laboratory efficiencies. Fourth quarter and full-year 2024 GAAP net loss was $(43) million and $(127) million, respectively; adjusted EBITDA for the same periods was $11 million and $40 million, respectively. Cash plus availability to borrow under the asset-based facility was approximately $158 million as of December 31, 2024. Reiterate 2025 financial guidance with a revenue range of $840 – $860 million and adjusted EPS range of $0.07 – $0.11.1 Entered into a strategic collaboration with PATHOMIQ to add artificial intelligence...

Q4 revenue of $93.5 million, at the upper end of our guidance range Q4 net loss of $1.0 million, or $(0.05) per share; Non-GAAP EPS of $0.50, at the high end of guidance range Significant improvement in cash flow, which results in positive Q4 and FY2024 cash flow from operationsLAKE MARY, Fla., Feb. 24, 2025 (GLOBE NEWSWIRE) — FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced its financial results for the fourth quarter and full year ended December 31, 2024. “We are proud to conclude the year with strong momentum, surpassing targets across all of our metrics in the fourth quarter and achieving a decade-high adjusted EBITDA margin of 18% along with our fifth consecutive quarter of positive operating cash flow,” said Peter Lau, President & Chief Executive Officer. “2024...

Exceeds Fourth Quarter Guidance with Revenue Growth of 157% and Transaction Value Growth of 202%; Delivers Record Transaction Value of $401 million in Property & Casualty Vertical Full-Year 2024 Revenue Grew 123% to $865 million; Transaction Value Grew 151% to $1.5 billion, Driven by Robust Volume and Pricing Full-Year 2024 Net Income Significantly Improved to $22.1 million; Record Adjusted EBITDA(1)of $96.1 million LOS ANGELES, Feb. 24, 2025 (GLOBE NEWSWIRE) — MediaAlpha, Inc. (NYSE: MAX) (“MediaAlpha” or the “Company”) today announced its financial results for the fourth quarter and full year ended December 31, 2024. “Our fourth quarter financial results surpassed our expectations, closing out a year of record-breaking performance,” said MediaAlpha co-founder and CEO Steve Yi. “Our Property &...

GaN revenue up over 50% to record high Design-wins of $450 million with highest growth rates in Data Center and EV Strong balance sheet and continued expense management to accelerate profitabilityTORRANCE, Calif., Feb. 24, 2025 (GLOBE NEWSWIRE) — Navitas Semiconductor (Nasdaq: NVTS), the only pure-play, next-generation power semiconductor company and industry leader in gallium nitride (GaN) power ICs and silicon carbide (SiC) technology, today announced unaudited financial results for the fourth quarter and full year ended December 31, 2024. “I am proud of our team’s efforts to deliver growth in 2024, despite significant headwinds with an industry-wide slow-down in some major markets,” said Gene Sheridan, CEO and co-founder. “We achieved record GaN revenues from mobile, consumer and appliance sectors, while both GaN and SiC...

MIDLAND, Texas, Feb. 24, 2025 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the fourth quarter and full year ended December 31, 2024. FOURTH QUARTER 2024 HIGHLIGHTSAverage production of 475.9 MBO/d (883.4 MBOE/d) Net cash provided by operating activities of $2.3 billion; Operating Cash Flow Before Working Capital Changes (as defined and reconciled below) of $2.3 billion Cash capital expenditures of $933 million Free Cash Flow (as defined and reconciled below) of $1.3 billion; Adjusted Free Cash Flow (as defined and reconciled below) of $1.4 billion Increased annual base dividend by 11% to $4.00 per share; declared Q4 2024 base cash dividend of $1.00 per share payable on March 13, 2025; implies a 2.6% annualized yield based on February 21,...

– Total Revenue Increased 20% for the year to $314.5 million –– Core Revenue Grew 17% for the year to $273.7 million –– Total Written Premium in 2024 Increased 29% to $3.8 billion –– 2024 Net Income of $49.1 million versus $23.7 million in 2023 –– Adjusted EBITDA in 2024 up 43% to $99.9 million – WESTLAKE, Texas, Feb. 24, 2025 (GLOBE NEWSWIRE) — Goosehead Insurance, Inc. (“Goosehead” or the “Company”) (NASDAQ: GSHD), a rapidly growing independent personal lines insurance agency, today announced results for the fourth quarter and year ended December 31, 2024. Fourth Quarter 2024 HighlightsTotal Revenues grew 49% over the prior-year period to $93.9 million in the fourth quarter of 2024 Fourth quarter Core Revenues* of $68.0 million increased 19% over the prior-year period Fourth quarter net income of $23.8 million improved from...

MIDLAND, Texas, Feb. 24, 2025 (GLOBE NEWSWIRE) — Viper Energy, Inc., (NASDAQ:VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), today announced financial and operating results for the fourth quarter and full year ended December 31, 2024. FOURTH QUARTER HIGHLIGHTSQ4 2024 average production of 29,859 bo/d (56,109 boe/d) Q4 2024 consolidated net income (including non-controlling interest) of $272.8 million; net income attributable to Viper of $210.1 million, or $2.04 per Class A common share; includes a one-time tax benefit of $155.9 million from the reversal of the valuation allowance against the Company’s deferred tax assets Q4 2024 cash available for distribution to Viper’s Class A common shares (as defined and reconciled below) of $89.0 million, or $0.86 per Class A common...

Committed to approximately $450 million of new long-term corporate capital investments in 2024 Signed agreements with Clearway Group to commit to invest in 320 MW storage hybridization portfolio and 335 MW wind repowering Signed binding 3rd party M&A agreement to acquire a 137 MW wind project Reaffirming 2025 financial guidance range Increased the quarterly dividend by 1.7% to $0.4312 per share in the first quarter of 2025, or $1.7248 per share annualizedPRINCETON, N.J., Feb. 24, 2025 (GLOBE NEWSWIRE) — Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today reported full year 2024 financial results, including Net Loss of $63 million, Adjusted EBITDA of $1,146 million, Cash from Operating Activities of $770 million, and Cash Available for Distribution (CAFD) of $425 million. “Clearway’s full year 2024 results exceeded guidance...