How did PSQH's revenue and expenses trend in Q4 2024 compared to previous quarters?

**PSQH's revenue and expenses in Q4 2024 showed notable improvements and strategic shifts.** Here's a detailed analysis:

1. **Revenue Trend**:
- **Q4 2024**: PSQH reported total revenue of $7.21 million for Q4 2024.
- **Q3 2024**: Revenue was $6.54 million.
- **Q2 2024**: Revenue was $5.99 million.
- **Q1 2024**: Revenue was $3.47 million.

|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|PSQH|PSQH.N|PSQ Holdings|2023 Q4|889.67795389049|2747346|169|
|PSQH|PSQH.N|PSQ Holdings|2024 Q1|816.8193866160186|3465889|169|
|PSQH|PSQH.N|PSQ Holdings|2024 Q2|1029.91295187717|5985228|169|
|PSQH|PSQH.N|PSQ Holdings|2024 Q3|222.0302329016692|6540112|169|

- The trend shows a significant increase from Q1 to Q4, with each subsequent quarter surpassing the previous one in revenue.
2. **Expense Trend**: There are no available data on PSQH's expenses for Q4 2024. However, we can infer some insights from the available data.
- PSQH has optimized its cost structure, reducing its workforce by over 35%, which is expected to save approximately $11 million annually and lower cash burn.
- The company's reliance on existing merchants for its fintech growth may limit its ability to expand beyond its current ecosystem without additional investment.
3. **Strategic Context**:
- PSQH has shifted its focus to fintech, building a world-class payments platform with contracts potentially resulting in over $1 billion in annualized GMV.
- The company achieved a 222% increase in net revenue to $6.5 million compared to the third quarter of 2023, with significant contributions from its fintech segment.
- Despite revenue growth, PSQH faced challenges, reporting a net loss of $13.14 million for the quarter, with a GAAP EPS of -$0.41.
4. **Comparative Analysis**:
- PSQH's revenue for Q4 2024 exceeded expectations, with a reported revenue of $7.21 million compared to the expected $7.47 million.
- The company's revenue growth was driven by its fintech segment, which saw a significant surge in net revenue.

In conclusion, PSQH demonstrated robust revenue growth in Q4 2024, building upon the trends of previous quarters, with a particular boost from its strategic shift towards fintech. While specific expense data for Q4 2024 is lacking, the company's efforts to optimize costs and focus on high-growth areas like fintech indicate a promising trajectory for future profitability.