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Daily Journal (DJCO) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 31, 2024
Daily Journal (DJCO) reported revenue of $19.9M for the fourth quarter fiscal 2024 (Q4 FY24), -8% from a year earlier and +14% from the quarter before. Operating margin was 8.7%, net earnings $26.7M (134.5% of revenue).
Daily Journal, Q4 FY24: revenue $19.9M (-8% year over year), operating margin 8.7%, net earnings $26.7M, operating cash flow $3.1M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $19.9M | +14% | -8% |
| Operating profit | $1.7M | +58% | -50% |
| Net earnings | $26.7M | +14% | — |
| Operating cash flow | $3.1M | +95% | -53% |
| Free cash flow | $3.1M | +91% | -54% |
What changed
Revenue was $19.9M in Q4 FY24, down 8% year over year and up 14% from the previous quarter. License and Maintenance was the largest line at 39% of revenue.
Operating profit was $1.7M, a 8.7% margin (down 7.2 points year over year). Total costs grew 0% against a revenue fall of 8%. Net earnings were $26.7M. The effective tax rate was 25.9%. Non-operating items added $34.4M, 95% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $3.1M (down 53% year over year), 12% of net earnings. Non-cash charges added back $67K of depreciation and amortization and $202K of share-based compensation. Working capital and other items used $23.9M. Capital expenditures of $38K left free cash flow of $3.1M.
Questions
What was Daily Journal's revenue in the fourth quarter fiscal 2024?
Daily Journal (DJCO) reported revenue of $19.9M for the fourth quarter fiscal 2024 (Q4 FY24), -8% from a year earlier and +14% from the quarter before.
Was Daily Journal profitable in the fourth quarter fiscal 2024?
Operating profit was $1.7M (8.7% of revenue) and net earnings $26.7M.
Source: Daily Journal 10-K on SEC EDGAR.