Filing Flows › T3 Defense (DFNS) › Q3 2024
T3 Defense (DFNS) Q3 2024 earnings results (third quarter 2024)
10-K filed Feb 10, 2025
T3 Defense (DFNS) reported revenue of $236K for the third quarter 2024 (Q3 2024), -95% from a year earlier and +35% from the quarter before. Operating margin was -503.5%.
T3 Defense, Q3 2024: revenue $236K (-95% year over year), operating margin -503.5%, net earnings $4.5M, operating cash flow −$1.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $236K | +35% | -95% |
| Operating profit | −$1.2M | — | — |
| Net earnings | $4.5M | — | — |
| Operating cash flow | −$1.2M | — | — |
What changed
Revenue was $236K in Q3 2024, down 95% year over year and up 35% from the previous quarter.
Gross margin was 92.2%. Operating costs exceeded revenue by $1.2M, an operating margin of -503.5%. Net earnings were $4.5M.
Operating cash flow was −$1.2M. Working capital and other items used $5.7M.
Questions
What was T3 Defense's revenue in the third quarter 2024?
T3 Defense (DFNS) reported revenue of $236K for the third quarter 2024 (Q3 2024), -95% from a year earlier and +35% from the quarter before.
Was T3 Defense profitable in the third quarter 2024?
Operating loss was $1.2M (-503.5% of revenue) and net earnings $4.5M.
Source: T3 Defense 10-K on SEC EDGAR.