Filing Flows › Azenta (AZTA) › Q4 FY24
Azenta (AZTA) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 27, 2024
Azenta (AZTA) reported revenue of $151M for the fourth quarter fiscal 2024 (Q4 FY24), -13% from a year earlier and -13% from the quarter before. Operating margin was -3.1%, net loss $6.6M (4.4% of revenue).
Azenta, Q4 FY24: revenue $151M (-13% year over year), operating margin -3.1%, net loss $6.6M, operating cash flow $17.7M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $151M | -13% | -13% |
| Operating profit | −$4.6M | — | — |
| Net earnings | −$6.6M | — | — |
| Operating cash flow | $17.7M | +81% | -39% |
| Free cash flow | $8.3M | +537% | -55% |
What changed
Revenue was $150.6M in Q4 FY24, down 13% year over year and down 13% from the previous quarter. Multiomics was the largest line at 44% of revenue.
Gross margin was 45.5%, up 6.0 points from a year earlier. Operating costs exceeded revenue by $4.6M, an operating margin of -3.1%. Operating expenses fell 14% while revenue fell 13%. The quarter ended with a net loss of $6.6M, wider than the previous quarter's $6.6M loss. Net interest and other expense of $4.3M was the main reason.
Operating cash flow was $17.7M (down 39% year over year). Non-cash charges added back $23.8M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items used $1.4M. Capital expenditures of $9.4M left free cash flow of $8.3M.
Questions
What was Azenta's revenue in the fourth quarter fiscal 2024?
Azenta (AZTA) reported revenue of $151M for the fourth quarter fiscal 2024 (Q4 FY24), -13% from a year earlier and -13% from the quarter before.
Was Azenta profitable in the fourth quarter fiscal 2024?
Operating loss was $4.6M (-3.1% of revenue) and net loss $6.6M.
Source: Azenta 10-K on SEC EDGAR.