On Thursday, Janover Inc (NASDAQ:JNVR) announced its financial results for the fourth quarter ended December 31, 2024.
The fourth-quarter revenue of the commercial property financing solutions provider grew by 80% year-on-year to $0.63 million.
Platform fees increased 39% to $0.44 million.
Also Read: EXCLUSIVE: Janover Clocks 190% ARR Growth In 2024 Thanks To AI-Powered SaaS Platform
Subscription revenue grew 488% to $0.19 million, while the Annual recurring revenue (ARR) rose 194% to $0.81 million.
Net loss declined 59% to $0.49 million. The quarter’s net loss reduction was primarily due to significant cost-cutting across the organization, one-time IPO-related expenses, and stock issuances for services in the prior year.
Operating cash flow improved by 73% during the quarter.
CEO Blake Janover attributed the quarterly results to the 488% SaaS subscription revenue growth, which implies 14 times growth for the entire year.
It marked the company’s fourth consecutive quarter of sequential revenue growth, with net income and subscription revenue improving over the past four quarters.
Price Action: JNVR stock closed higher by 1.82% at $4.47 Wednesday.
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