Filing Flows › ESG (ESGH) › Q4 2024
ESG (ESGH) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 15, 2025
ESG (ESGH) reported revenue of $14.3M for the fourth quarter 2024 (Q4 2024), +858% from a year earlier and +540% from the quarter before. Operating margin was 13.6%, net earnings $1.4M (10.0% of revenue).
ESG, Q4 2024: revenue $14.3M (+858% year over year), operating margin 13.6%, net earnings $1.4M, operating cash flow $596K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.3M | +540% | +858% |
| Gross profit | $2.7M | +430% | +823% |
| Operating profit | $1.9M | 16× | — |
| Net earnings | $1.4M | 63× | — |
| Operating cash flow | $596K | -36% | — |
| Free cash flow | $296K | -64% | — |
What changed
Revenue was $14.3M in Q4 2024, up 858% year over year and up 540% from the previous quarter.
Gross margin was 18.9%, down 0.7 points from a year earlier. Operating profit was $1.9M, a 13.6% margin (up 36.2 points year over year). Operating expenses grew 19% against revenue growth of 858%. The fastest-growing cost line was Research & development (+100%). Net earnings were $1.4M. The effective tax rate was 0.0%.
Operating cash flow was $596K, 31% of net income including minority interests. Non-cash charges added back $403K of depreciation and amortization and $74K of share-based compensation. Working capital and other items used $1.8M. Capital expenditures of $300K left free cash flow of $296K.
Questions
What was ESG's revenue in the fourth quarter 2024?
ESG (ESGH) reported revenue of $14.3M for the fourth quarter 2024 (Q4 2024), +858% from a year earlier and +540% from the quarter before.
Was ESG profitable in the fourth quarter 2024?
Operating profit was $1.9M (13.6% of revenue) and net earnings $1.4M.
Source: ESG 10-K on SEC EDGAR.