Record Quarterly Revenue and Growth
Q4 2024 total revenues rose 20% versus Q4 2023, driven by a 21% increase in external customer revenue.
Data Analytics Segment Expansion
Data analytics service revenue grew 124% versus Q4 2023 and 44% versus the full year 2023. The company developed three new products, expanding their total addressable market by more than $500 million.
Significant Profitability and Stock Performance
Q4 2024 net income was $4.4 million and adjusted EBITDA was $7 million, up 111% and 78% respectively versus Q4 2023. Full year 2024 adjusted EBITDA reached $20.3 million, exceeding guidance by 10%. Stock price improved by 140%.
International Revenue Growth
International chemistry business made its largest quarterly contribution with revenues up 300% sequentially in Q4 2024.
Zero Lost Time Incidents
The company achieved all these results with zero lost time incidents in field operations.