How did IVP's revenue and expenses trend in Q4 2024?
5/9/2025 11:10am
Inspire Veterinary Partners (IVP) experienced a decline in revenue and a significant reduction in expenses in Q4 2024 compared to the previous quarter.
1. **Revenue Trend**: IVP's total revenue for Q4 2024 was not provided, but the third-quarter revenue was $4.05 million, which was a 1.7% decrease from the previous quarter's $4.1 million.
2. **Expense Trend**: The company's net loss decreased by 56% from the previous quarter, resulting in a narrower loss of $3.49 million in Q3 2024. General and administrative (G&A) expenses decreased by 16%, reducing the cost structure and improving the bottom line.