Filing Flows › Limoneira (LMNR) › Q4 FY24
Limoneira (LMNR) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 23, 2024
Limoneira (LMNR) reported revenue of $43.9M for the fourth quarter fiscal 2024 (Q4 FY24), +6% from a year earlier and -31% from the quarter before. Operating margin was -6.3%, net loss $1.9M (4.4% of revenue).
Limoneira, Q4 FY24: revenue $43.9M (+6% year over year), operating margin -6.3%, net loss $1.9M, operating cash flow $6.6M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $43.9M | -31% | +6% |
| Operating profit | −$2.8M | — | — |
| Net earnings | −$1.9M | — | — |
| Operating cash flow | $6.6M | -73% | — |
| Free cash flow | $3.9M | — | — |
What changed
Revenue was $43.9M in Q4 FY24, up 6% year over year and down 31% from the previous quarter.
Operating costs exceeded revenue by $2.8M, an operating margin of -6.3%. Total costs fell 9% while revenue rose 6%. The quarter ended with a net loss of $1.9M, after a profit of $6.2M the previous quarter. Minority interests bore $61K of it: to shareholders the quarter was a loss of $1.9M. Non-operating items added $1.2M, -72% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $6.6M. Non-cash charges added back $2.1M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $5.4M. Capital expenditures of $2.7M left free cash flow of $3.9M.
Questions
What was Limoneira's revenue in the fourth quarter fiscal 2024?
Limoneira (LMNR) reported revenue of $43.9M for the fourth quarter fiscal 2024 (Q4 FY24), +6% from a year earlier and -31% from the quarter before.
Was Limoneira profitable in the fourth quarter fiscal 2024?
Operating loss was $2.8M (-6.3% of revenue) and net loss $1.9M.
Source: Limoneira 10-K on SEC EDGAR.