Filing Flows › LEE Enterprises (LEE) › Q4 FY24
LEE Enterprises (LEE) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 13, 2024
LEE Enterprises (LEE) reported revenue of $159M for the fourth quarter fiscal 2024 (Q4 FY24), -3% from a year earlier and +5% from the quarter before. Operating margin was -2.3%, net loss $9.5M (6.0% of revenue).
LEE Enterprises, Q4 FY24: revenue $159M (-3% year over year), operating margin -2.3%, net loss $9.5M, operating cash flow −$261K. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $159M | +5% | -3% |
| Operating profit | −$3.7M | — | — |
| Net earnings | −$9.5M | — | — |
| Operating cash flow | −$261K | — | — |
What changed
Revenue was $158.6M in Q4 FY24, down 3% year over year and up 5% from the previous quarter. Subscription was the largest line at 46% of revenue.
Operating costs exceeded revenue by $3.7M, an operating margin of -2.3%. Total costs grew 6% against a revenue fall of 3%. The quarter ended with a net loss of $9.5M, wider than the previous quarter's $3.7M loss. Net interest and other expense of $10.0M was the main reason.
Operating cash flow was −$261K. Non-cash charges added back $6.2M of depreciation and amortization and $562K of share-based compensation. Working capital and other items added $2.5M. Capital expenditures of $2.7M exceeded it, leaving free cash flow of −$2.9M.
Questions
What was LEE Enterprises' revenue in the fourth quarter fiscal 2024?
LEE Enterprises (LEE) reported revenue of $159M for the fourth quarter fiscal 2024 (Q4 FY24), -3% from a year earlier and +5% from the quarter before.
Was LEE Enterprises profitable in the fourth quarter fiscal 2024?
Operating loss was $3.7M (-2.3% of revenue) and net loss $9.5M.
Source: LEE Enterprises 10-K on SEC EDGAR.