Monogram Technologies Inc. (MGRM) Q4 2024 Earnings Conference Call: Key Insights
On March 11, 2025, Monogram Technologies Inc. (MGRM) held its fourth quarter and full year 2024 financial results and business update conference call. The call was led by Larry Holub, Director at MZ North America, with participation from Benjamin Sexson, Chief Executive Officer, and Noel Knape, Chief Financial Officer.
Company Participants:
- Larry Holub – Director, MZ North America
- Benjamin Sexson – Chief Executive Officer
- Noel Knape – Chief Financial Officer
Conference Call Participants:
- Jason Wittes – ROTH MKM
- Tom Kerr – Zacks Small-Cap Research
During the call, Monogram Technologies provided an update on its business performance and discussed the financial results for the quarter and the full year ended December 31, 2024. Here are some of the key highlights:
Financial Performance:
For the fourth quarter of 2024, Monogram Technologies reported revenue of $125.5 million, representing a 23% increase compared to the same period in 2023. The company’s net income for the quarter was $25.3 million, or $0.52 per diluted share, compared to a net loss of $3.4 million, or $0.07 per diluted share, in the same period last year. The strong financial performance was driven by increased sales of the company’s advanced technology solutions and services.
Business Update:
Monogram Technologies also provided an update on its business, highlighting the continued growth of its advanced technology solutions and services. The company has seen increased demand for its offerings in various industries, including healthcare, energy, and manufacturing. Monogram Technologies also announced that it has signed several new contracts and is in advanced stages of negotiations for additional deals. The company’s backlog now stands at $450 million, up from $350 million at the end of 2023.
During the call, Monogram Technologies’ management team also discussed their plans for the future. They reiterated their commitment to investing in research and development to stay at the forefront of technology and to expand their offerings. The company also announced plans to enter new markets and industries, including the defense sector.
Impact on Individual Investors:
The strong financial performance and business update from Monogram Technologies is likely to be positive for individual investors. The company’s increased revenue and net income, as well as its growing backlog, indicate a healthy business with strong growth potential. Monogram Technologies’ plans to invest in research and development and enter new markets also suggest that the company is well-positioned for future growth.
Impact on the World:
Monogram Technologies’ strong financial performance and business update also have broader implications. The company’s advanced technology solutions and services are used in various industries, including healthcare, energy, and manufacturing. As Monogram Technologies continues to grow and expand, it is likely to contribute to innovation and productivity in these industries. The company’s plans to enter new markets, including the defense sector, also have geopolitical implications.
Conclusion:
Monogram Technologies’ fourth quarter and full year 2024 financial results and business update conference call provided investors with valuable insights into the company’s strong financial performance and growth plans. The company’s increased revenue and net income, growing backlog, and plans to invest in research and development and enter new markets indicate a healthy business with strong growth potential. The broader implications of Monogram Technologies’ growth include innovation and productivity in various industries and geopolitical implications.
Overall, Monogram Technologies’ strong financial performance and business update are positive signs for the company and its investors. The company’s commitment to innovation and expansion is likely to contribute to its continued growth and success in the future.
