Singlepoint Inc. Reports 2024 Revenue Decline to $20.3M, Net Loss Widens to $28.9M Amid Economic Uncertainty
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Singlepoint Inc. reported a revenue decline to $20.3 million for the fiscal year ending December 31, 2024, down from $26.3 million in 2023. The company faced a net loss of $28.9 million, widening from a loss of $18.8 million the previous year, due to increased economic uncertainty and rising operating expenses. Despite a slight increase in gross profit, the overall financial outlook remains uncertain as management emphasizes the need to boost revenue and control costs for future profitability.
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