Filing Flows › Kustom Entertainment (KUST) › Q4 2024
Kustom Entertainment (KUST) Q4 2024 earnings results (fourth quarter 2024)
10-K filed May 2, 2025
Kustom Entertainment (KUST) reported revenue of $4.5M for the fourth quarter 2024 (Q4 2024), -25% from a year earlier and +10% from the quarter before. Operating margin was -6.0%, net loss $7.3M (163.7% of revenue).
Kustom Entertainment, Q4 2024: revenue $4.5M (-25% year over year), operating margin -6.0%, net loss $7.3M, operating cash flow −$1.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.5M | +10% | -25% |
| Operating profit | −$266K | — | — |
| Net earnings | −$7.3M | — | — |
| Operating cash flow | −$1.0M | — | — |
What changed
Revenue was $4.5M in Q4 2024, down 25% year over year and up 10% from the previous quarter.
Gross margin was 44.6%, up 40.3 points from a year earlier. Operating costs exceeded revenue by $266K, an operating margin of -6.0%. Operating expenses fell 64% while revenue fell 25%. The quarter ended with a net loss of $7.3M, wider than the previous quarter's $5.5M loss. Net interest and other expense of $7.0M was the main reason.
Operating cash flow was −$1.0M. Non-cash charges added back $444K of depreciation and amortization and $55K of share-based compensation. Working capital and other items added $5.8M. Capital expenditures of $5K exceeded it, leaving free cash flow of −$1.0M.
Questions
What was Kustom Entertainment's revenue in the fourth quarter 2024?
Kustom Entertainment (KUST) reported revenue of $4.5M for the fourth quarter 2024 (Q4 2024), -25% from a year earlier and +10% from the quarter before.
Was Kustom Entertainment profitable in the fourth quarter 2024?
Operating loss was $266K (-6.0% of revenue) and net loss $7.3M.