Filing Flows › Hurco Companies (HURC) › Q4 FY24
Hurco Companies (HURC) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Jan 10, 2025
Hurco Companies (HURC) reported revenue of $53.7M for the fourth quarter fiscal 2024 (Q4 FY24), -19% from a year earlier and +26% from the quarter before. Operating margin was -0.9%, net loss $1.4M (2.7% of revenue).
Hurco Companies, Q4 FY24: revenue $53.7M (-19% year over year), operating margin -0.9%, net loss $1.4M, operating cash flow −$1.2M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $53.7M | +26% | -19% |
| Operating profit | −$491K | — | — |
| Net earnings | −$1.4M | — | — |
| Operating cash flow | −$1.2M | — | — |
What changed
Revenue was $53.7M in Q4 FY24, down 19% year over year and up 26% from the previous quarter. Computerized Machine Tools was the largest line at 81% of revenue.
Gross margin was 22.7%, down 3.7 points from a year earlier. Operating costs exceeded revenue by $491K, an operating margin of -0.9%. Operating expenses fell 10% while revenue fell 19%. The quarter ended with a net loss of $1.4M, narrower than the previous quarter's $9.6M loss.
Operating cash flow was −$1.2M. Non-cash charges added back $854K of depreciation and amortization and $568K of share-based compensation. Working capital and other items used $1.2M. Capital expenditures of $448K exceeded it, leaving free cash flow of −$1.7M.
Questions
What was Hurco Companies' revenue in the fourth quarter fiscal 2024?
Hurco Companies (HURC) reported revenue of $53.7M for the fourth quarter fiscal 2024 (Q4 FY24), -19% from a year earlier and +26% from the quarter before.
Was Hurco Companies profitable in the fourth quarter fiscal 2024?
Operating loss was $491K (-0.9% of revenue) and net loss $1.4M.
Source: Hurco Companies 10-K on SEC EDGAR.