Filing Flows › Barnwell Industries (BRN) › Q4 FY24
Barnwell Industries (BRN) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 17, 2024
Barnwell Industries (BRN) reported revenue of $4.3M for the fourth quarter fiscal 2024 (Q4 FY24), -38% from a year earlier and -23% from the quarter before. Operating margin was -13.7%, net loss $1.9M (44.2% of revenue).
Barnwell Industries, Q4 FY24: revenue $4.3M (-38% year over year), operating margin -13.7%, net loss $1.9M, operating cash flow $1.2M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.3M | -23% | -38% |
| Operating profit | −$585K | — | — |
| Net earnings | −$1.9M | — | — |
| Operating cash flow | $1.2M | -8% | -34% |
| Free cash flow | $92K | -80% | -82% |
What changed
Revenue was $4.3M in Q4 FY24, down 38% year over year and down 23% from the previous quarter.
Operating costs exceeded revenue by $585K, an operating margin of -13.7%. Total costs fell 14% while revenue fell 38%. The quarter ended with a net loss of $1.9M, wider than the previous quarter's $1.2M loss. Net interest and other expense of $1.3M was the main reason.
Operating cash flow was $1.2M (down 34% year over year). Non-cash charges added back $855K of depreciation and amortization and $55K of share-based compensation. Working capital and other items added $2.1M. Capital expenditures of $1.1M left free cash flow of $92K.
Questions
What was Barnwell Industries' revenue in the fourth quarter fiscal 2024?
Barnwell Industries (BRN) reported revenue of $4.3M for the fourth quarter fiscal 2024 (Q4 FY24), -38% from a year earlier and -23% from the quarter before.
Was Barnwell Industries profitable in the fourth quarter fiscal 2024?
Operating loss was $585K (-13.7% of revenue) and net loss $1.9M.