<span item_type="fundamental" item_id="5b5b36a8b71ae4d8f594f7bfd2e45e3a" counter_id="ST/US/FGMCU" env="prod"></span><span item_type="announcement" item_id="521748735548461185" env="prod"></span><p>Revenue: As of FY2024, the actual value is USD 10.75 M.</p><p>EPS: As of FY2024, the actual value is USD -45.78.</p><p>EBIT: As of FY2024, the actual value is USD -15.51 M.</p><p></p><h3>Segment Revenue</h3><ul><li>Total revenue for the year ended December 31, 2024, was $10,746,466, an increase of 32% from $8,151,587 in 2023.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1906133/000147793225004247/icct_10k.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>Gross profit for 2024 was $8,249,980, compared to $6,122,442 in 2023.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1906133/000147793225004247/icct_10k.htm"></span></li><li>Selling, general, and administrative expenses increased to $20,754,205 in 2024 from $15,124,081 in 2023.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1906133/000147793225004247/icct_10k.htm"></span></li><li>Depreciation and amortization expenses increased to $3,002,585 in 2024 from $1,274,963 in 2023.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1906133/000147793225004247/icct_10k.htm"></span></li><li>Loss from operations was - $15,506,810 in 2024, compared to - $10,276,602 in 2023.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1906133/000147793225004247/icct_10k.htm"></span></li><li>Net loss for 2024 was - $31,156,817, compared to - $15,551,663 in 2023.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1906133/000147793225004247/icct_10k.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>Net cash used in operating activities was - $3,230,688 in 2024, compared to - $8,824,972 in 2023.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1906133/000147793225004247/icct_10k.htm"></span></li><li>Net cash used in investing activities was - $539,416 in 2024, compared to - $10,214,715 in 2023.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1906133/000147793225004247/icct_10k.htm"></span></li><li>Net cash provided by financing activities was $2,752,923 in 2024, compared to $20,062,892 in 2023.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1906133/000147793225004247/icct_10k.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>The company incurred $6,631,862 in impairment expenses in 2024, primarily related to acquired technology and customer lists.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1906133/000147793225004247/icct_10k.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>The company expects to raise additional funds in the immediate short-term through the issuance of equity, equity-related or debt securities to fund ongoing costs such as software development and expansion of the sales force.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1906133/000147793225004247/icct_10k.htm"></span></li></ul>

FG Merger II Corp - Unit | 10-K: FY2024 Revenue: USD 10.75 M