Filing Flows › Target Group (CBDY) › Q4 2024
Target Group (CBDY) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 27, 2025
Target Group (CBDY) reported revenue of $1.9M for the fourth quarter 2024 (Q4 2024), -3% from a year earlier and +243% from the quarter before. Operating margin was 11.6%, net earnings $216K (11.6% of revenue).
Target Group, Q4 2024: revenue $1.9M (-3% year over year), operating margin 11.6%, net earnings $216K, operating cash flow $736K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9M | +243% | -3% |
| Gross profit | $1.1M | +193% | +60% |
| Operating profit | $216K | — | — |
| Net earnings | $216K | — | — |
| Operating cash flow | $736K | — | +154% |
What changed
Revenue was $1.9M in Q4 2024, down 3% year over year and up 243% from the previous quarter.
Gross margin was 58.1%, up 22.9 points from a year earlier. Operating profit was $216K, a 11.6% margin (up 21.3 points year over year). Operating expenses grew 0% against a revenue fall of 3%. Net earnings were $216K. The effective tax rate was 0.0%.
Operating cash flow was $736K (up 154% year over year), 341% of net earnings. Non-cash charges added back $270K of depreciation. Working capital and other items added $251K.
Questions
What was Target Group's revenue in the fourth quarter 2024?
Target Group (CBDY) reported revenue of $1.9M for the fourth quarter 2024 (Q4 2024), -3% from a year earlier and +243% from the quarter before.
Was Target Group profitable in the fourth quarter 2024?
Operating profit was $216K (11.6% of revenue) and net earnings $216K.
Source: Target Group 10-K on SEC EDGAR.