Filing Flows › Idaho Strategic Resources (IDR) › Q4 2024
Idaho Strategic Resources (IDR) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
Idaho Strategic Resources (IDR) reported revenue of $7.6M for the fourth quarter 2024 (Q4 2024), +101% from a year earlier and +23% from the quarter before. Operating margin was 36.2%, net earnings $2.6M (33.7% of revenue).
Idaho Strategic Resources, Q4 2024: revenue $7.6M (+101% year over year), operating margin 36.2%, net earnings $2.6M, operating cash flow $2.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.6M | +23% | +101% |
| Gross profit | $4.0M | +35% | +237% |
| Operating profit | $2.7M | +91% | +829% |
| Net earnings | $2.6M | +28% | +518% |
| Operating cash flow | $2.7M | -5% | +260% |
| Free cash flow | $1.7M | -25% | +274% |
What changed
Revenue was $7.6M in Q4 2024, up 101% year over year and up 23% from the previous quarter.
Gross margin was 53.3%, up 21.5 points from a year earlier. Operating profit was $2.7M, a 36.2% margin (up 28.4 points year over year). Of the extra revenue versus a year earlier, 64% reached operating profit, above the 8% margin then. Operating expenses grew 43% against revenue growth of 101%. The fastest-growing cost line was General & admin (+74%). Net earnings were $2.6M, up 518% year over year. The effective tax rate was 0.0%. Non-operating items added $12.3M, 82% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $2.7M (up 260% year over year), 18% of net income including minority interests. Non-cash charges added back $510K of depreciation and amortization. Working capital and other items used $12.8M. Capital expenditures of $1.0M left free cash flow of $1.7M.
Questions
What was Idaho Strategic Resources' revenue in the fourth quarter 2024?
Idaho Strategic Resources (IDR) reported revenue of $7.6M for the fourth quarter 2024 (Q4 2024), +101% from a year earlier and +23% from the quarter before.
Was Idaho Strategic Resources profitable in the fourth quarter 2024?
Operating profit was $2.7M (36.2% of revenue) and net earnings $2.6M.