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RE: LeoThread 2025-02-13 22:13

The company reported revenue of $469 million in 2021, representing 213% year-over-year growth due to a combination of factors, including a boost from the COVID-19 pandemic, according to regulatory filings. Revenue popped again in 2022 to $746.6 million, but at a lower 59% year-over-year growth compared to the prior year. Revenue increased in 2023 to $879.7 million, representing 18% year-over-year growth.

The company has been profitable since 2022 on net income at $154.7 million, although that result dipped to $14.7 million in 2023. The company has not reported full-year results for 2024.