How did ClearPoint Neuro's revenue and expenses trend in Q4 2024?

ClearPoint Neuro's revenue and expenses in Q4 2024 showed a notable decline in revenue and an increase in expenses compared to the previous quarter: 1. **Revenue Trend**: The company's revenue for Q4 2024 was $4.76 million, which was a significant decrease from the $7.46 million recorded in Q3 2024. This decline in revenue could be indicative of reduced sales or market demand for ClearPoint Neuro's products during the period. 2. **Expense Trend**: ClearPoint Neuro's gross profit for Q4 2024 was $3.33 million, down from $4.18 million in Q3 2024. Additionally, the company's R&D expenses increased to $3.8 million in Q4 2024, up from $3.5 million in Q3 2024. The SG&A (Selling, General, and Administrative) expenses also showed an upward trend, rising to $2.2 million in Q4 2024 from $2 million in Q3 2024. These increases in expenses, coupled with a decrease in revenue, likely contributed to the lower gross profit. The data suggests that ClearPoint Neuro faced challenges in Q4 2024, with revenue declining and expenses increasing, which could impact the company's profitability for the period. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |CLPT|CLPT.O|ClearPoint Neuro|20240101-2024|Capital Equipment and Software|3795000|186| |CLPT|CLPT.O|ClearPoint Neuro|20240101-2024|Capital Equipment and Software|3181000|186| |CLPT|CLPT.O|ClearPoint Neuro|20240101-2024|Capital Equipment and Software|2350000|186| |CLPT|CLPT.O|ClearPoint Neuro|20240101-2024|Capital Equipment and Software|1405000|186| |CLPT|CLPT.O|ClearPoint Neuro|20240101-2024|Biologics and Drug Delivery|4307000|186| |CLPT|CLPT.O|ClearPoint Neuro|20240101-2024|Capital Equipment and Software|1405000|186| |CLPT|CLPT.O|ClearPoint Neuro|20240101-2024|Functional Neurosurgery Navigation and Therapy|1927000|186| |code|Ticker|Name|Date|R&D Expenses|Gross Profit|market_code| |---|---|---|---|---|---|---| |CLPT|CLPT.O|ClearPoint Neuro|2024 Q1|2625000|4525000|186| |CLPT|CLPT.O|ClearPoint Neuro|2024 Q2|3120000|4988000|186| |CLPT|CLPT.O|ClearPoint Neuro|2024 Q3|3315000|4847000|186| |CLPT|CLPT.O|ClearPoint Neuro|2024 Q4|3332000|4762000|186|