How did Cenntro's revenue and expenses shift in Q4 2024?

Cenntro's financial performance in Q4 2024 was characterized by a decline in revenue and a significant increase in net losses, primarily due to higher operating expenses.

1. **Revenue Decline**: The company's total revenue decreased by approximately $2.5 million compared to the previous quarter, reaching $2.85 million. This decline is a significant concern, especially considering the potential impact on the company's overall financial health and operational efficiency.

|code|Ticker|Name|Date|Gross Profit|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|CENN|CENN.O|Cenntro|2023 Q4|-442054|-3045236|186|
|CENN|CENN.O|Cenntro|2024 Q1|14271|3391999|186|
|CENN|CENN.O|Cenntro|2024 Q2|1224870|8320492|186|
|CENN|CENN.O|Cenntro|2024 Q3|4042947|1.673134E7|186|

|code|Ticker|Name|Date|Operating Expenses|Net Income|market_code|
|---|---|---|---|---|---|---|
|CENN|CENN.O|Cenntro|2023 Q4||-1.3066413E7|186|
|CENN|CENN.O|Cenntro|2024 Q1||-9230223|186|
|CENN|CENN.O|Cenntro|2024 Q2||-9193795|186|
|CENN|CENN.O|Cenntro|2024 Q3||-8981587|186|

2. **Increased Net Losses**: The net income for the quarter was -$17.5 million, reflecting a substantial increase in net losses. This is a stark contrast to the previous quarter's net losses, indicating that Cenntro faced considerable challenges in Q4 2024.
3. **Operating Expenses**: The operating expenses for the quarter were not provided, but the fact that the company reported a negative net income suggests that these expenses were significantly higher than the revenue generated during the period. This imbalance is a critical aspect of Cenntro's financial struggles in Q4 2024.
4. **Gross Margin**: The gross margin for the quarter was 24.31%, representing the percentage of revenue that remains after deducting the cost of goods sold. This figure indicates that Cenntro was able to retain a reasonable portion of its revenue as gross profit, which is a positive sign amidst the overall financial challenges faced by the company.

In summary, Cenntro's Q4 2024 financials show a clear struggle with revenue decline and increased net losses, primarily driven by higher operating expenses. The company's focus on managing these expenses and improving revenue generation will be crucial for its future financial stability.