VSee Health Inc. reported significant financial results for the fiscal year ending December 31, 2024. The company achieved revenues of $10.4 million, representing an 81% increase compared to $5.8 million in 2023. Despite this growth in revenue, VSee Health recorded a net loss of $57.7 million, a substantial increase from the net loss of $3.7 million in the prior year. The gross margin for VSee Health rose to $7.2 million, up from $3.8 million the previous year, marking an 87% improvement. Operating expenses soared to $69.3 million from $5.7 million, a significant rise that impacted the company's bottom line. In terms of other income and expenses, VSee Health reported a net gain of $2.8 million compared to a slight loss of $13,375 in the prior year. The company also noted an income tax benefit of $1.6 million, contrasting with a provision of $1.8 million the year before. Business operations continue to focus on generating revenue through subscription services to its software platform via its subsidiary, VSee Lab. The company has adjusted its financial statements, reflecting restatement adjustments in its financial analysis.