Filing Flows › Cardiff Lexington (CDIX) › Q4 2024
Cardiff Lexington (CDIX) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 14, 2025
Cardiff Lexington (CDIX) reported revenue of $3.1M for the fourth quarter 2024 (Q4 2024), +31% from a year earlier and +130% from the quarter before. Operating margin was 10.6%, net loss $910K (29.2% of revenue).
Cardiff Lexington, Q4 2024: revenue $3.1M (+31% year over year), operating margin 10.6%, net loss $910K, operating cash flow −$1.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1M | +130% | +31% |
| Operating profit | $332K | — | — |
| Net earnings | −$910K | — | — |
| Operating cash flow | −$1.9M | — | — |
What changed
Revenue was $3.1M in Q4 2024, up 31% year over year and up 130% from the previous quarter.
Gross margin was 64.8%, up 5.6 points from a year earlier. Operating profit was $332K, a 10.6% margin (down 6.8 points year over year). Operating profit fell $83K even though revenue rose $744K versus a year earlier, so costs grew faster than sales. Operating expenses grew 70% against revenue growth of 31%. The fastest-growing cost line was Other operating costs (+2533%). The quarter ended with a net loss of $910K, narrower than the previous quarter's $2.0M loss. Net interest and other expense of $1.2M was the main reason.
Operating cash flow was −$1.9M. Non-cash charges added back $3K of depreciation and $244K of share-based compensation. Working capital and other items used $1.2M.
Questions
What was Cardiff Lexington's revenue in the fourth quarter 2024?
Cardiff Lexington (CDIX) reported revenue of $3.1M for the fourth quarter 2024 (Q4 2024), +31% from a year earlier and +130% from the quarter before.
Was Cardiff Lexington profitable in the fourth quarter 2024?
Operating profit was $332K (10.6% of revenue) and net loss $910K.
Source: Cardiff Lexington 10-K on SEC EDGAR.