Strong Fourth Quarter Performance
Net sales were $294 million, an increase of 14% year-over-year. Net income for the fourth quarter was $12 million, more than triple the $3 million in the prior year quarter. Adjusted EBITDA was $18 million, an increase of 114% year-over-year.
Full Year 2024 Achievements
Net income and adjusted EBITDA increased 73% and 60% year-over-year respectively. Net sales growth improved measurably each quarter throughout 2024.
Improvements in Marketing and Logistics
The company achieved a nearly 130-basis point reduction in marketing spend as a percentage of net sales and a 130 basis point reduction in global logistics costs as a percentage of net sales.
International Growth
International net sales increased 14% year-over-year, with record net promoter scores in international markets.
AI and Technology Advancements
Significant advancements in AI technology and personalization capabilities, including AI-powered search algorithms and AI-driven product recommendations.