Tue, Apr 15, 8:45 PM (26 days ago)
**Iveda Solutions, Inc. (IVDA) Summary** **Financial Performance (2024 vs. 2023):** - **Revenue:** $6.0M (2024) vs. $6.5M (2023), a 7% decrease. - **Net Loss:** $4.0M (2024) vs. $4.1M (2023), a slight improvement. - **Gross Margin:** 22% (2024) vs. 16% (2023), an increase. - **Operating Expenses:** $5.4M (2024) vs. $5.1M (2023), a 5% increase. - **Cash and Cash Equivalents:** $2.6M (2024) vs. $4.8M (2023), a significant decrease. **Strategic Overview:** - **Business Model:** Sells IoT hardware and licenses software to service providers. - **Products:** AI-driven video surveillance, IoT platforms, smart city technologies. - **Market Position:** Global smart city and AI markets are poised for significant growth. **Future Outlook:** - **Growth Potential:** High, driven by increasing demand for smart city and AI technologies. - **Challenges:** Dependence on key personnel, market competition, and regulatory risks. **Risk Factors:** - **Financial:** Significant net losses, dependence on key customers. - **Operational:** Dependence on third-party manufacturers, cybersecurity risks. - **Market:** Competition, regulatory changes, economic downturns. **Financial Condition:** - **Liquidity:** Limited, with significant operating losses and negative cash flows. - **Capital Structure:** Dependent on equity and debt financing. **Market Position Changes:** - **Customer Concentration:** High dependence on a few key customers. - **Geographic Focus:** Significant operations in Taiwan, exposing to regional risks. **Ticker:** IVDA **Note:** Amounts are in thousands ($000s).