Capital RequirementsSLE ended 4Q24 with cash of $1.3M and $5.0M of debt, and based on our estimates, we believe SLE will likely require additional capital before 3Q25.
Financial PerformanceSLE reported 4Q24 results below expectations with revenue of $3.4M below our estimate of $6.0M; and adjusted EBITDA loss of ($4.0M), which was wider than our estimate.
Revenue EstimatesDue to macro conditions, the 2024 revenue estimates for standalone SLE have been lowered by 25%.