NWTN Inc. has reported its financial results for the fiscal year ending December 31, 2024. The company announced net revenues of $11.995 million, a significant decrease from the $37.333 million reported in the previous year. Cost of revenues also declined to $9.327 million from $49.014 million in 2023. The company achieved a gross profit of $2.668 million, compared to a gross loss of $11.681 million in the prior year. Operating expenses totaled $98.044 million, down from $200.313 million in 2023. This reduction in expenses contributed to a narrower loss from operations, which stood at $95.376 million against the previous year's $211.994 million loss. The company also recorded other expenses, netting a loss of $22.840 million compared to an $18.482 million loss in the previous year. NWTN Inc. continues to generate revenues from its core business segments, including sales of smart electric vehicles and auto parts and materials. The company did not provide specific outlook or guidance for future periods but stated that there are no known trends or uncertainties likely to materially affect its financial condition or operating results as disclosed in the report.