Strong US Launch
US sales totaled $3.3 million in the first two months of the launch, exceeding expectations. Over 650 accounts have been fully onboarded with 450 placing orders, and 88% reordering.
Revenue Growth
Fourth-quarter revenue increased by 41% year-over-year to $44.5 million. Full-year sales were $166 million, with a forecast of 25% growth over 2024.
Operational Efficiency
Operating expenses reduced by $12.5 million in 2024 compared to 2023. EBITDA loss improved to $13.1 million from $17.4 million last year.
Expansion in Europe
Acquired distributor in Benelux to leverage infrastructure and achieve synergies. European distribution center in Antwerp is set for expansion.
Positive Gross Margin Trends
Gross profit improved to 68.5% of revenue compared to 65.2% last year, driven by higher production volumes and lower manufacturing costs.
Innovative Product Line
Strong interest in Motiva and new products like Mia and Preservé expected to drive growth. Mia Femtech and Preservé are anticipated to expand the market.