<span item_type="fundamental" item_id="3217e475e6fbb6d0951faf3076e4433f" counter_id="ST/US/SING" env="prod"></span><span item_type="announcement" item_id="559239972440444161" env="prod"></span><p>Revenue: As of FY2024, the actual value is USD 20.28 M.</p><p>EPS: As of FY2024, the actual value is USD -3.58.</p><p>EBIT: As of FY2024, the actual value is USD -20.02 M.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Total Revenue</strong>: SinglePoint Inc. reported total revenue of $20,283,000 for the year ended December 31, 2024, a decrease from $26,320,000 in 2023, primarily due to an industry-wide decrease in demand amid increased economic uncertainty.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1443611/000147793225006613/sing_10k.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Gross Profit</strong>: The gross profit for 2024 was $7,399,000, slightly up from $7,173,000 in 2023, attributed to the company’s focus on jobs with larger margins.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1443611/000147793225006613/sing_10k.htm"></span></li><li><strong>Operating Expenses</strong>: Operating expenses increased to $27,423,000 in 2024 from $23,259,000 in 2023, primarily due to impairment expenses totaling $9,961,000 related to previously acquired intangible assets and goodwill.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1443611/000147793225006613/sing_10k.htm"></span></li><li><strong>Net Loss</strong>: The net loss for 2024 was $28,934,000, compared to $18,767,000 in 2023, driven by higher operating and other expenses despite higher gross profit.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1443611/000147793225006613/sing_10k.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Net Cash Used in Operating Activities</strong>: For 2024, net cash used in operating activities was $2,615,000, compared to $3,646,000 in 2023. This was primarily due to the net loss, non-cash losses on settlement of debt, and impairment charges.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1443611/000147793225006613/sing_10k.htm"></span></li><li><strong>Net Cash Used in Investing Activities</strong>: Net cash used in investing activities was $54,000 in 2024, primarily due to the purchase of property.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1443611/000147793225006613/sing_10k.htm"></span></li><li><strong>Net Cash Provided by Financing Activities</strong>: In 2024, net cash provided by financing activities was $2,205,000, mainly from proceeds from the sale of common stock and issuance of convertible notes.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1443611/000147793225006613/sing_10k.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Inventory Obsolescence</strong>: The company recorded inventory obsolescence of $629,000 in 2024 due to slow-moving and obsolete inventory.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1443611/000147793225006613/sing_10k.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>The company anticipates funding its operations for the next 12 months using available cash, cash flow from operations, and proceeds from an offering. However, there is substantial doubt about the company’s ability to continue as a going concern due to net losses and the need for additional funding.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1443611/000147793225006613/sing_10k.htm"></span></li></ul>

Singlepoint | 10-K: FY2024 Revenue: USD 20.28 M