Total Revenue

Down about 15% (from $5.310M in Q4 2023 to $4.512M in Q4 2024)

CDIO’s revenue decrease suggests a contraction in sales performance compared to Q4 2023. This drop may reflect market headwinds or internal challenges in driving sales, especially when compared to higher revenue levels in the previous period. " "

Net Loss

Increased approximately 9% (from $1.389M in Q4 2023 to $1.519M in Q4 2024)

The widening net loss, despite reduced interest expenses, indicates that the decline in revenue and potentially higher operating costs compounded the loss. The increase in net loss shows that while financing costs were reduced, revenue shortfalls and fixed expenses still exerted pressure on profitability. " "

Interest Expense

Reduced by ~97% (from $96,101 in Q4 2023 to $3,127 in Q4 2024)

A dramatic reduction in interest expense is primarily due to eliminating non-cash interest costs and debenture-related expenses seen in Q4 2023. This lower financing cost structure improves expense management and signals a shift away from expensive convertible debt structures. " "

Shares Outstanding

Nearly doubled (from 2,112,063 in Q4 2023 to 4,177,146 in Q4 2024)

The significant increase in shares outstanding reflects active dilutive events such as new equity issuances and stock-based awards. This dilution indicates a strategic focus on raising capital through equity financing, although it may pressure per-share metrics going forward. " "

Cash Position

Increased over 6-fold (from $1.28M in Q4 2023 to $7.83M in Q4 2024)

The sharp rise in cash is driven by robust financing inflows, notably through the sale of common stock and warrants, which more than offset the reduced operating cash inflows. This enhanced liquidity provides a stronger balance sheet and greater flexibility for future investments and operational initiatives. " "