Filing Flows › Altex Industries (ALTX) › Q4 FY24
Altex Industries (ALTX) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 29, 2024
Altex Industries (ALTX) reported revenue of $7K for the fourth quarter fiscal 2024 (Q4 FY24), +17% from a year earlier and +75% from the quarter before. Operating margin was -314.3%, net loss $22K (314.3% of revenue).
Altex Industries, Q4 FY24: revenue $7K (+17% year over year), operating margin -314.3%, net loss $22K, operating cash flow −$10K. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7K | +75% | +17% |
| Operating profit | −$22K | — | — |
| Net earnings | −$22K | — | — |
| Operating cash flow | −$10K | — | — |
What changed
Revenue was $7K in Q4 FY24, up 17% year over year and up 75% from the previous quarter.
Operating costs exceeded revenue by $22K, an operating margin of -314.3%. Total costs grew 32% against revenue growth of 17%. The quarter ended with a net loss of $22K, after a profit of $505K the previous quarter.
Operating cash flow was −$10K. Non-cash charges added back $1K of depreciation and amortization. Working capital and other items added $11K.
Questions
What was Altex Industries' revenue in the fourth quarter fiscal 2024?
Altex Industries (ALTX) reported revenue of $7K for the fourth quarter fiscal 2024 (Q4 FY24), +17% from a year earlier and +75% from the quarter before.
Was Altex Industries profitable in the fourth quarter fiscal 2024?
Operating loss was $22K (-314.3% of revenue) and net loss $22K.
Source: Altex Industries 10-K on SEC EDGAR.