Filing Flows › Janel (JANL) › Q4 FY24
Janel (JANL) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 6, 2024
Janel (JANL) reported revenue of $53.3M for the fourth quarter fiscal 2024 (Q4 FY24), +29% from a year earlier and +14% from the quarter before. Operating margin was 1.9%, net earnings $247K (0.5% of revenue).
Janel, Q4 FY24: revenue $53.3M (+28% year over year), operating margin 1.9%, net earnings $247K, operating cash flow $477K. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $53.3M | +14% | +29% |
| Gross profit | $15.3M | +2% | +15% |
| Operating profit | $998K | -15% | +680% |
| Net earnings | $247K | — | -57% |
| Operating cash flow | $477K | -77% | +44% |
What changed
Revenue was $53.3M in Q4 FY24, up 29% year over year and up 14% from the previous quarter.
Gross margin was 28.8%, down 3.4 points from a year earlier. Operating profit was $1.0M, a 1.9% margin (up 1.6 points year over year). Of the extra revenue versus a year earlier, 7% reached operating profit, above the 0% margin then. Operating expenses grew 8% against revenue growth of 29%. The fastest-growing cost line was Other operating costs (+31%). Net earnings were $247K, down 57% year over year. The effective tax rate was 34.7%.
Operating cash flow was $477K (up 44% year over year), 193% of net earnings. Non-cash charges added back $2.4M of depreciation and amortization and $107K of share-based compensation. Working capital and other items used $2.3M.
Questions
What was Janel's revenue in the fourth quarter fiscal 2024?
Janel (JANL) reported revenue of $53.3M for the fourth quarter fiscal 2024 (Q4 FY24), +29% from a year earlier and +14% from the quarter before.
Was Janel profitable in the fourth quarter fiscal 2024?
Operating profit was $998K (1.9% of revenue) and net earnings $247K.
Source: Janel 10-K on SEC EDGAR.