Beyond, Inc. Reports Fourth Quarter 2024 Financial Results with Sequential Material Improvements in Key Operating Metrics, Driving Towards our Goal of Profitability

Core Insights - Beyond, Inc. reported financial results for Q4 and full year 2024, highlighting a focus on margin improvement and cost reductions to achieve profitability [1][2] - The company experienced a 50% improvement in net loss and a 43% improvement in adjusted EBITDA year-over-year, driven by gross margin expansion and fixed cost reductions [6] - Despite these improvements, total net revenue decreased by 21.1% year-over-year in Q4, indicating ongoing challenges in revenue generation [7] Financial Performance - Q4 2024 net revenue was $303 million, down 21.1$384 million in Q4 2023 [7] - Gross profit for Q4 was $70 million, representing 23.0$73.9 million in the same quarter last year [7] - The net loss for Q4 was $81 million, with a diluted net loss per share of$1.66 [7] - For the full year 2024, total net revenue was $1.4 billion, a decrease of 10.6$1.56 billion in 2023 [7] Operational Metrics - Orders delivered in Q4 totaled 1.7 million, a decrease of 34% year-over-year [7] - Active customers decreased by 4% year-over-year to 5.4 million [7] - The last twelve months (LTM) net revenue per active customer was $258, down from$278 in the previous year [19] Strategic Initiatives - The company is focusing on refining its SKU/vendor offerings and maintaining pricing discipline to enhance profitability [2][6] - Beyond is optimistic about the sequential improvements observed since November 2024, indicating a commitment to making necessary operational adjustments [2] - The acquisition of BuyBuyBaby and a material stake in Kirkland's Home are seen as strategic moves to drive growth and profitability [6]