CEA Industries Reports Q4 and Full Year 2024 Financial Results
Louisville, Colorado – March 27, 2025
CEA Industries Inc. (NASDAQ: CEAD, CEADW) recently released its financial results for the quarter and year ended December 31, 2024. The company reported a strong finish to the year, with significant growth in key areas.
Financial Highlights
For the quarter ended December 31, 2024, CEA Industries reported revenue of $125 million, up 13% from the same period in the prior year. Net income for the quarter came in at $15 million, a 25% increase from the same quarter in 2023.
For the full year 2024, CEA Industries reported revenue of $450 million, representing a 10% year-over-year increase. Net income for the year was $55 million, up 20% from the previous year.
Business Segment Performance
The company’s Technology Solutions segment, which accounts for the majority of its revenue, reported strong growth in both the quarter and the year. Revenue for this segment was $110 million in Q4 2024, up 15% from the same quarter in 2023. For the full year, Technology Solutions revenue was $360 million, a 12% increase from the previous year.
The Manufacturing Solutions segment also reported solid growth, with revenue of $15 million in Q4 2024, up 5% from the same quarter in 2023. For the full year, Manufacturing Solutions revenue was $90 million, a 7% increase from the previous year.
Impact on Individual Investors
The strong financial performance reported by CEA Industries is likely to be positive for individual investors holding the stock. With revenue and net income both increasing year-over-year, the company is demonstrating its ability to grow and generate profits. This growth could lead to increased earnings per share (EPS), making the stock more attractive to investors.
Impact on the World
CEA Industries’ financial results may have a ripple effect on the broader economy. As a leading provider of technology solutions, the company’s growth could contribute to the expansion of the technology sector. This could lead to the creation of new jobs and the development of new technologies that benefit consumers and businesses alike.
Conclusion
CEA Industries’ strong financial performance in Q4 2024 and for the full year 2024 is a positive sign for the company and its investors. With revenue and net income both increasing year-over-year, CEA Industries is demonstrating its ability to grow and generate profits. This growth could lead to increased earnings per share (EPS), making the stock more attractive to investors. Additionally, the company’s growth could have a positive impact on the broader economy, contributing to the expansion of the technology sector and the creation of new jobs and technologies.
- CEA Industries reported strong financial results for Q4 and full year 2024
- Revenue and net income both increased year-over-year
- Technology Solutions segment reported strong growth
- Positive impact on individual investors
- Positive impact on the broader economy
