Filing Flows › Hi-Great Group Holding (HIGR) › Q4 2024
Hi-Great Group Holding (HIGR) Q4 2024 earnings results (fourth quarter 2024)
10-K filed May 6, 2025
Hi-Great Group Holding (HIGR) reported revenue of $14K for the fourth quarter 2024 (Q4 2024), -1% from a year earlier and -57% from the quarter before. Operating margin was -163.1%, net loss $6K (41.5% of revenue).
Hi-Great Group Holding, Q4 2024: revenue $14K (-2% year over year), operating margin -163.1%, net loss $6K, operating cash flow $16K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14K | -57% | -1% |
| Operating profit | −$22K | — | — |
| Net earnings | −$6K | — | — |
| Operating cash flow | $16K | 39× | — |
What changed
Revenue was $14K in Q4 2024, down 1% year over year and down 57% from the previous quarter.
Gross margin was 35.3%, down 26.4 points from a year earlier. Operating costs exceeded revenue by $22K, an operating margin of -163.1%. Operating expenses fell 17% while revenue fell 1%. The quarter ended with a net loss of $6K, wider than the previous quarter's $5K loss. Non-operating items added $16K, -293% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $16K. Non-cash charges added back $7K of depreciation. Working capital and other items added $15K.
Questions
What was Hi-Great Group Holding's revenue in the fourth quarter 2024?
Hi-Great Group Holding (HIGR) reported revenue of $14K for the fourth quarter 2024 (Q4 2024), -1% from a year earlier and -57% from the quarter before.
Was Hi-Great Group Holding profitable in the fourth quarter 2024?
Operating loss was $22K (-163.1% of revenue) and net loss $6K.