Filing Flows › Advanced Flower Capital (AFCG) › Q4 2024
Advanced Flower Capital (AFCG) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 13, 2025
Advanced Flower Capital (AFCG) reported revenue of $7.6M for the fourth quarter 2024 (Q4 2024), -51% from a year earlier and -14% from the quarter before. Operating margin was -18.0%, net loss $992K (13.0% of revenue).
Advanced Flower Capital, Q4 2024: revenue $7.6M (-52% year over year), operating margin -18.0%, net loss $992K, operating cash flow $2.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.6M | -14% | -51% |
| Operating profit | −$1.4M | — | — |
| Net earnings | −$992K | — | — |
| Operating cash flow | $2.2M | -16% | -64% |
What changed
Revenue was $7.6M in Q4 2024, down 51% year over year and down 14% from the previous quarter.
Operating costs exceeded revenue by $1.4M, an operating margin of -18.0%. Total costs fell 63% while revenue fell 51%. The quarter ended with a net loss of $1.0M, after a profit of $1.2M the previous quarter.
Operating cash flow was $2.2M (down 64% year over year). Non-cash charges added back $260K of share-based compensation. Working capital and other items added $3.0M.
Questions
What was Advanced Flower Capital's revenue in the fourth quarter 2024?
Advanced Flower Capital (AFCG) reported revenue of $7.6M for the fourth quarter 2024 (Q4 2024), -51% from a year earlier and -14% from the quarter before.
Was Advanced Flower Capital profitable in the fourth quarter 2024?
Operating loss was $1.4M (-18.0% of revenue) and net loss $992K.