Filing Flows › Atlantic American (AAME) › Q2 2024
Atlantic American (AAME) Q2 2024 earnings results (second quarter 2024)
10-Q filed Aug 14, 2024
Atlantic American (AAME) reported revenue of $47.7M for the second quarter 2024 (Q2 2024), -3% from a year earlier and +1% from the quarter before. Operating margin was -1.8%, net loss $684K (1.4% of revenue).
Atlantic American, Q2 2024: revenue $47.7M (-3% year over year), operating margin -1.8%, net loss $684K, operating cash flow $416K. The chart follows the revenue to costs, profit and cash.
| Q2 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $47.7M | +1% | -3% |
| Operating profit | −$849K | — | — |
| Net earnings | −$684K | — | — |
| Operating cash flow | $416K | — | -94% |
| Free cash flow | $361K | — | -95% |
What changed
Revenue was $47.7M in Q2 2024, down 3% year over year and up 1% from the previous quarter.
Operating costs exceeded revenue by $849K, an operating margin of -1.8%. Total costs grew 3% against a revenue fall of 3%. The quarter ended with a net loss of $684K, narrower than the previous quarter's $2.0M loss.
Operating cash flow was $416K (down 94% year over year). Non-cash charges added back $125K of depreciation and amortization and $1K of share-based compensation. Working capital and other items added $1.0M. Capital expenditures of $55K left free cash flow of $361K.
Questions
What was Atlantic American's revenue in the second quarter 2024?
Atlantic American (AAME) reported revenue of $47.7M for the second quarter 2024 (Q2 2024), -3% from a year earlier and +1% from the quarter before.
Was Atlantic American profitable in the second quarter 2024?
Operating loss was $849K (-1.8% of revenue) and net loss $684K.
Source: Atlantic American 10-Q on SEC EDGAR.