Volcon Q4 2024 revenue $0.9M, net loss $5.2M; raises $19.5M in Feb 2025

Empery Digital Inc.

Q4 2024 revenue $0.9M (vs Q3 $1.1M); net loss $5.2M; adjusted EBITDA loss $5.0M.
Cost of goods sold includes $2.5M charge for Stag/EVO supply termination; gross margin negative.
Raised $19.5M in Feb 2025 from ATM ($9.1M) and unit offering ($10.7M at $2/unit).
Board authorized $2M share repurchase program in March 2025, expiring March 2026.
Exclusive U.S. distribution for Super Sonic golf carts (Vietnam low tariff) and Venom supply with $2.4M PO.

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