Filing Flows › Atlantic American (AAME) › Q3 2024
Atlantic American (AAME) Q3 2024 earnings results (third quarter 2024)
10-Q filed Nov 12, 2024
Atlantic American (AAME) reported revenue of $44.5M for the third quarter 2024 (Q3 2024), -0.2% from a year earlier and -7% from the quarter before. Operating margin was -5.5%, net loss $2.0M (4.5% of revenue).
Atlantic American, Q3 2024: revenue $44.5M (-0.2% year over year), operating margin -5.5%, net loss $2.0M, operating cash flow $90K. The chart follows the revenue to costs, profit and cash.
| Q3 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $44.5M | -7% | -0.2% |
| Operating profit | −$2.5M | — | — |
| Net earnings | −$2.0M | — | — |
| Operating cash flow | $90K | -78% | -93% |
| Free cash flow | $58K | -84% | -96% |
What changed
Revenue was $44.5M in Q3 2024, roughly flat year over year and down 7% from the previous quarter.
Operating costs exceeded revenue by $2.5M, an operating margin of -5.5%. Total costs grew 11% against flat revenue. The quarter ended with a net loss of $2.0M, wider than the previous quarter's $684K loss.
Operating cash flow was $90K (down 93% year over year). Non-cash charges added back $59K of depreciation and amortization and $3K of share-based compensation. Working capital and other items added $2.0M. Capital expenditures of $32K left free cash flow of $58K.
Questions
What was Atlantic American's revenue in the third quarter 2024?
Atlantic American (AAME) reported revenue of $44.5M for the third quarter 2024 (Q3 2024), -0.2% from a year earlier and -7% from the quarter before.
Was Atlantic American profitable in the third quarter 2024?
Operating loss was $2.5M (-5.5% of revenue) and net loss $2.0M.
Source: Atlantic American 10-Q on SEC EDGAR.