How did Electra Battery's expenses impact profits in Q4 2024?

Electra Battery's expenses had a significant negative impact on profits in Q4 2024, with the company reporting a net loss of $7.1 million for the quarter.

1. **Significant Debt and Cash Burn**: The company's financial position shows significant debt of $40 million and rapid cash burn, which highlights the importance of the strategic repositioning announced by the company.
2. **Reverse Stock Split**: The reverse stock split aimed at regaining compliance with Nasdaq's minimum bid price requirement of $1.00 per share is a strategic move that may attract individual and institutional investors who typically avoid investing in 'penny stocks' due to minimum share price thresholds.
3. **Appointing a New CFO**: The appointment of Marty Rendall as the new Chief Financial Officer effective January 1, 2025, is a key move that may contribute to improved financial operations. Rendall's experience in leading high-performance teams through construction and into operation may help in achieving cash flow by 2026.

In conclusion, Electra Battery's expenses in Q4 2024 were substantial, resulting in a net loss. However, the company's strategic moves, such as the reverse stock split and the appointment of a new CFO, may pave the way for improved financial health and profitability in the future.