Filing Flows › Broadwind (BWEN) › Q4 2024
Broadwind (BWEN) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 5, 2025
Broadwind (BWEN) reported revenue of $33.6M for the fourth quarter 2024 (Q4 2024), -28% from a year earlier and -5% from the quarter before. Operating margin was -0.9%, net loss $914K (2.7% of revenue).
Broadwind, Q4 2024: revenue $33.6M (-28% year over year), operating margin -0.9%, net loss $914K, operating cash flow $14.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $33.6M | -5% | -28% |
| Operating profit | −$288K | — | — |
| Net earnings | −$914K | — | — |
| Operating cash flow | $14.8M | +506% | -5% |
| Free cash flow | $14.5M | +752% | -0.7% |
What changed
Revenue was $33.6M in Q4 2024, down 28% year over year and down 5% from the previous quarter.
Gross margin was 11.3%, down 3.8 points from a year earlier. Operating costs exceeded revenue by $288K, an operating margin of -0.9%. Operating expenses fell 14% while revenue fell 28%. The quarter ended with a net loss of $914K, after a profit of $74K the previous quarter. Net interest and other expense of $685K was the main reason.
Operating cash flow was $14.8M (down 5% year over year). Non-cash charges added back $1.7M of depreciation and amortization and $353K of share-based compensation. Working capital and other items added $13.7M. Capital expenditures of $339K left free cash flow of $14.5M.
Questions
What was Broadwind's revenue in the fourth quarter 2024?
Broadwind (BWEN) reported revenue of $33.6M for the fourth quarter 2024 (Q4 2024), -28% from a year earlier and -5% from the quarter before.
Was Broadwind profitable in the fourth quarter 2024?
Operating loss was $288K (-0.9% of revenue) and net loss $914K.
Source: Broadwind 10-K on SEC EDGAR.