Filing Flows › CoJax Oil & Gas (CJAX) › Q4 2024
CoJax Oil & Gas (CJAX) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
CoJax Oil & Gas (CJAX) reported revenue of $221K for the fourth quarter 2024 (Q4 2024), -16% from a year earlier and -12% from the quarter before. Operating margin was -489.6%, net loss $1.1M (489.6% of revenue).
CoJax Oil & Gas, Q4 2024: revenue $221K (-16% year over year), operating margin -489.6%, net loss $1.1M, operating cash flow −$78K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $221K | -12% | -16% |
| Operating profit | −$1.1M | — | — |
| Net earnings | −$1.1M | — | — |
| Operating cash flow | −$78K | — | — |
What changed
Revenue was $221K in Q4 2024, down 16% year over year and down 12% from the previous quarter.
Operating costs exceeded revenue by $1.1M, an operating margin of -489.6%. Total costs fell 12% while revenue fell 16%. The quarter ended with a net loss of $1.1M, wider than the previous quarter's $150K loss. Non-operating items added $1.1M, -3607013% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$78K. Non-cash charges added back $84K of depreciation and amortization. Working capital and other items added $919K.
Questions
What was CoJax Oil & Gas' revenue in the fourth quarter 2024?
CoJax Oil & Gas (CJAX) reported revenue of $221K for the fourth quarter 2024 (Q4 2024), -16% from a year earlier and -12% from the quarter before.
Was CoJax Oil & Gas profitable in the fourth quarter 2024?
Operating loss was $1.1M (-489.6% of revenue) and net loss $1.1M.
Source: CoJax Oil & Gas 10-K on SEC EDGAR.