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Dominari (DOMH) - 2024 Q4 - Annual Report
DOMHDominari (DOMH)2025-04-15 17:31

Financial Performance - For the fiscal year ended December 31, 2024, the company recognized approximately 18.1millioninrevenuefromoperations,anincreaseofapproximately18.1 million in revenue from operations, an increase of approximately 16.1 million compared to the previous year[172]. - The company incurred a loss from operations of approximately 11.5millionin2024,adecreasefromalossof11.5 million in 2024, a decrease from a loss of 21.8 million in 2023[172]. - The company reported a gain of approximately 5.2millionfrommarketablesecuritiesfortheyearendedDecember31,2024,anincreaseofapproximately5.2 million from marketable securities for the year ended December 31, 2024, an increase of approximately 4.6 million over the prior period[173]. - The company experienced a net loss of approximately 14.7millionin2024,influencedbyvariousfactorsincludingchangesinlong−terminvestmentsandmarketablesecurities[176].InvestmentandCashFlow−Thecarryingvalueoflong−terminvestmentsdecreasedbyapproximately14.7 million in 2024, influenced by various factors including changes in long-term investments and marketable securities[176]. Investment and Cash Flow - The carrying value of long-term investments decreased by approximately 7.1 million in 2024, compared to an increase of 0.8millionin2023,resultinginachangeofapproximately0.8 million in 2023, resulting in a change of approximately 7.8 million[173]. - Net cash used in operating activities was approximately 15.1millionfortheyearendedDecember31,2024,comparedto15.1 million for the year ended December 31, 2024, compared to 22.2 million in 2023[176]. - Net cash provided by investing activities was approximately 16.3millionin2024,comparedtoanetcashusedof16.3 million in 2024, compared to a net cash used of 7.2 million in 2023[177]. Working Capital and Future Plans - As of December 31, 2024, the company had approximately 24.4millioninworkingcapital,with24.4 million in working capital, with 4 million in cash and cash equivalents and 5.8millioninmarketablesecurities[174].−Thecompanyraisedapproximately5.8 million in marketable securities[174]. - The company raised approximately 13.5 million subsequent to December 31, 2024, which is available to fund operations[174]. - The company plans to finance its activities through increased revenue, managing cash and cash equivalents, and seeking additional funds through securities sales or credit facilities[173].