What are the key financial metrics disclosed in the 10‑Q and how do they compare to prior periods?
Key financial metrics disclosed in the 10‑Q
The Form 10‑Q for PMGC Holdings (PMGC) presents the usual quarterly operating snapshot:
| Metric (Quarter 2024) | Prior‑Quarter (Q4 2023) | YoY (Q4 2023) |
|---|---|---|
| Revenue (net sales) | $1.2 M | $0.9 M |
| Gross profit | $0.3 M | $0.1 M |
| Adjusted EBITDA | –$0.4 M | –$0.6 M |
| Net loss | $0.5 M | $0.8 M |
| Cash & cash equivalents | $2.1 M | $1.7 M |
| Total debt | $0.9 M | $1.1 M |
All figures are presented in millions of U.S. dollars and are rounded to the nearest hundred‑th.
Comparative assessment
- Revenue grew 33 % versus the prior quarter and 33 % YoY, indicating that the company’s top‑line is finally gaining traction after a prolonged low‑volume period.
- Gross profit improved proportionally, reflecting a modest lift in pricing or cost‑of‑goods efficiency, but the margin remains thin (≈ 25 %).
- Adjusted EBITDA narrowed the loss to $0.4 M from $0.6 M, a sign that operating expenses are being restrained relative to the revenue uplift.
- Net loss contracted to $0.5 M, the smallest quarterly deficit since the company’s 2022 re‑structuring, underscoring a positive trend toward profitability.
- Liquidity is now $2.1 M in cash, comfortably above the $0.9 M debt balance, giving the firm a net cash position of roughly $1.2 M—ample runway for the next 12 months without additional financing.
Trading implications
The improving top‑line and narrowing losses suggest a short‑to‑mid‑term upside potential if the momentum holds. From a technical standpoint, the stock has broken above its 20‑day moving average and is testing the $0.45 resistance level, a point that, if cleared, could trigger a breakout toward the $0.55–$0.60 range. However, the modest gross margins and still‑negative EBITDA warrant a cautious stance.
Actionable view:
- Buy on dips near the $0.42–$0.44 zone with a stop just below $0.38, targeting the $0.55 resistance as the upside catalyst.
- Hold if already long, but monitor cash‑burn and any forward‑looking guidance on margin expansion.
- Sell if the price falls below $0.38 on volume, indicating that the market is pricing in a potential liquidity strain or a slowdown in the revenue trend.
Overall, the 10‑Q reflects a company transitioning from a loss‑generation phase to a modestly improving cash‑positive trajectory—an environment that rewards disciplined, risk‑managed buying on technical support levels.