Filing Flows › Gulf Resources (GURE) › Q4 2024
Gulf Resources (GURE) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 11, 2025
Gulf Resources (GURE) reported revenue of $1.7M for the fourth quarter 2024 (Q4 2024), -75% from a year earlier and -23% from the quarter before. Operating margin was -419.5%.
Gulf Resources, Q4 2024: revenue $1.7M (-75% year over year), operating margin -419.5%, net loss $19.3M, operating cash flow $969K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7M | -23% | -75% |
| Operating profit | −$7.3M | — | — |
| Net earnings | −$19.3M | — | — |
| Operating cash flow | $969K | +87% | — |
What changed
Revenue was $1.7M in Q4 2024, down 75% year over year and down 23% from the previous quarter.
Operating costs exceeded revenue by $7.3M, an operating margin of -419.5%. Total costs fell 39% while revenue fell 75%. The fastest-growing cost line was General & admin (+94%). The quarter ended with a net loss of $19.3M, wider than the previous quarter's $3.5M loss.
Operating cash flow was $1.0M. Non-cash charges added back $1.8M of depreciation and amortization. Working capital and other items added $18.5M. Capital expenditures of −$31.6M left free cash flow of $32.6M.
Questions
What was Gulf Resources' revenue in the fourth quarter 2024?
Gulf Resources (GURE) reported revenue of $1.7M for the fourth quarter 2024 (Q4 2024), -75% from a year earlier and -23% from the quarter before.
Was Gulf Resources profitable in the fourth quarter 2024?
Operating loss was $7.3M (-419.5% of revenue) and net loss $19.3M.
Source: Gulf Resources 10-K on SEC EDGAR.