Nov. 13 at 7:52 PM
$SPCB Revenue more than doubled from a 5-year consistent decline, reaching
$11.8 million in 2020 to 4 years of continued growth, reaching
$27.6 million in 2024.
As of the first 9 months of 2025, we reached
$20.4 million in revenue, reflecting continued scale relative to previous years.
Gross profit grew by 140% from
$5.6 million in 2020 to
$13.4 million in 2024 and gross profit for the first 9 months of 2025 reached
$12.5 million, closely aligned with the 2024 full year figure.
GAAP net income turned from a loss of
$7.9 million in 2020 to
$660,000 profit in 2024 and has since surged to
$6 million in the first 9 months of 2025.
Non-GAAP net income improved by over
$10 million, turning from a loss of
$1.7 million to a
$6.3 million profit and stands at
$9.3 million year-to-date in 2025.
EBITDA has improved from
$2.8 million in 2020 to
$6.3 million in all of 2024 and has already reached
$7.2 million in the first 9 months of 2025.
