Mon, Jun 16, 9:02 PM (27 days ago)
**Iveda Solutions, Inc. (IVDA)** **Financial Performance (2024):** - **Revenue:** $6.0 million (decrease of 7% YoY) - **Net Loss:** $3.98 million (decrease of 4% YoY) - **Gross Margin:** 22% (improvement from 16% in 2023) - **Operating Expenses:** $5.4 million (increase of 5% YoY) - **Cash and Cash Equivalents:** $2.6 million (decrease of 45% YoY) **Earnings per Share (EPS):** $(1.81) (improvement from $(2.07) in 2023) **Strategic Overview:** - **Business Model:** Sells IoT hardware and licenses software to service providers and enterprises. - **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 Opportunities:** Expansion in smart city and AI markets. - **Challenges:** Dependence on key personnel, concentration of revenue from a few customers, and reliance on Iveda Taiwan. **Risk Factors:** - **Financial:** Significant net losses, dependence on key personnel, and concentration of revenue. - **Operational:** Dependence on third-party manufacturers, competition, and cybersecurity risks. - **Regulatory:** Compliance with U.S. and international laws, including export controls and anti-corruption laws. **Financial Condition:** - **Liquidity:** Limited liquidity, dependence on additional financing. - **Capital Resources:** Cash used in operating activities, dependence on equity or debt financing. **Market Position Changes:** - **Customer Base:** Concentration of revenue from a few customers, particularly in Taiwan. - **Geographic Focus:** Significant operations in Taiwan, exposure to geopolitical risks. **Amendment Summary:** - **Restatement Impact:** Adjustments to deferred tax assets, intercompany payables, and research and development expenses. - **Financial Impact:** Changes in accumulated deficit, cash and cash equivalents, and other financial statement items. **Note:** The company's continuation as a going concern is dependent upon its ability to generate greater revenue through increased sales and/or its ability to raise additional funds through the capital markets.