Filing Flows › Cadiz (CDZI) › Q4 2024
Cadiz (CDZI) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 28, 2025
Cadiz (CDZI) reported revenue of $4.8M for the fourth quarter 2024 (Q4 2024), +594% from a year earlier and +47% from the quarter before. Operating margin was -139.5%, net loss $8.6M (181.6% of revenue).
Cadiz, Q4 2024: revenue $4.8M (+594% year over year), operating margin -139.5%, net loss $8.6M, operating cash flow −$6.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.8M | +47% | +594% |
| Operating profit | −$6.6M | — | — |
| Net earnings | −$8.6M | — | — |
| Operating cash flow | −$6.2M | — | — |
What changed
Revenue was $4.8M in Q4 2024, up 594% year over year and up 47% from the previous quarter. Water Treatment was the largest line at 93% of revenue.
Operating costs exceeded revenue by $6.6M, an operating margin of -139.5%. Total costs grew 86% against revenue growth of 594%. The fastest-growing cost line was Cost of revenue (+116%). The quarter ended with a net loss of $8.6M, wider than the previous quarter's $6.8M loss.
Operating cash flow was −$6.2M. Non-cash charges added back $307K of depreciation and $1.0M of share-based compensation. Working capital and other items added $1.1M. Capital expenditures of $412K exceeded it, leaving free cash flow of −$6.6M.
Questions
What was Cadiz's revenue in the fourth quarter 2024?
Cadiz (CDZI) reported revenue of $4.8M for the fourth quarter 2024 (Q4 2024), +594% from a year earlier and +47% from the quarter before.
Was Cadiz profitable in the fourth quarter 2024?
Operating loss was $6.6M (-139.5% of revenue) and net loss $8.6M.
Source: Cadiz 10-K on SEC EDGAR.