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Catheter Precision(VTAK) - 2024 Q4 - Annual Results
VTAKCatheter Precision(VTAK)2025-04-01 20:19

Financial Performance - Total assets as of December 31, 2024, were 27.7million[7]TotalshareholdersequityasofDecember31,2024,was27.7 million[7] - Total shareholders' equity as of December 31, 2024, was 11.8 million[7] - Fourth quarter revenue was 149thousand,representingasequentialincreaseof55149 thousand, representing a sequential increase of 55% over Q3 2024[7] - Full year 2024 revenue totaled 420 thousand[7] - Net loss for the fourth quarter was 5.6million,with5.6 million, with 3.1 million attributed to non-cash charges[7] - Total net loss for 2024 was 16.6million,ofwhich16.6 million, of which 7.5 million were non-cash charges[7] Product Development and Sales - The first sales of LockeT occurred in Q2 2024 and grew sequentially each quarter through the end of the year[1] - 26 institutions evaluated LockeT by year-end, either conducting or having completed their evaluations[1] - CE Mark for LockeT is anticipated in Q2 2025, allowing sales in 32 European countries[1] - Randomized Controlled Trial (RCT) for VIVO is planned to begin in Q3 2025[1]