Yahoo Finance

• Revenue (Q4 2024): $20.8 million, an increase of 28.9% compared to Q4 2023.

• Gross Profit (Q4 2024): $7.9 million, an increase of 38.8% compared to Q4 2023.

• Gross Margin (Q4 2024): 37.9%, up from 35.2% in Q4 2023.

• Adjusted EBITDA (Q4 2024): $1.8 million, an increase of $3.8 million from Q4 2023.

• Net Loss (Q4 2024): $4.9 million, compared to a net loss of $6.9 million in Q4 2023.

• Revenue (Fiscal 2024): $83.6 million, an increase of 14.4% compared to fiscal 2023.

• Gross Profit (Fiscal 2024): $34.4 million, representing a gross margin of 41.1%.

• Adjusted EBITDA (Fiscal 2024): $5.4 million, an increase from negative $0.2 million in fiscal 2023.

• Net Loss (Fiscal 2024): $8.5 million, compared to a net loss of $8.2 million in fiscal 2023.

• Cash from Operations (Fiscal 2024): $0.8 million, an increase of $4.4 million compared to fiscal 2023.

• Gain on Disposal: $4.6 million recognized from the sale of Galtronics Korea and Vietnam.

• Warning! GuruFocus has detected 6 Warning Signs with BYLTF.

Release Date: March 20, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• Baylin Technologies Inc (BYLTF) reported a significant increase in revenue for the fourth quarter of 2024, with a 28.9% rise compared to the same period in 2023.

• The company achieved a notable improvement in gross margin, increasing from 38.9% in 2023 to 41.1% in 2024.

• Adjusted EBITDA for continuing operations turned positive, reaching $5.4 million in 2024, compared to a negative $0.2 million in 2023.

• The embedded antenna line achieved a record level of order backlog at the end of 2024, indicating strong demand and future revenue potential.

• Baylin Technologies Inc (BYLTF) successfully completed the sale of its Galtronics Korea and Vietnam companies, resulting in a $4.6 million gain recognized in discontinued operations.

Negative Points

• The company faced a non-cash impairment charge of $2.6 million in the fourth quarter of 2024 due to market conditions affecting the Satcom business.

• There is a material uncertainty related to going concern due to an outstanding court order and the need to negotiate a new credit facility before the current one matures on March 31, 2025.

• The Satcom business is expected to generate lower revenue in 2025 due to reduced demand for its products and potential impacts from US tariffs.

• Baylin Technologies Inc (BYLTF) reported a net loss of $8.5 million for fiscal 2024, slightly higher than the net loss of $8.2 million in 2023.

• The company is facing challenges from shifting trade policies and tariffs, which could impact customer volumes and order fulfillment activities.