Filing Flows › Medalist Diversified (MDRR) › Q4 2024
Medalist Diversified (MDRR) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 27, 2025
Medalist Diversified (MDRR) reported revenue of $2.5M for the fourth quarter 2024 (Q4 2024), -7% from a year earlier and +8% from the quarter before. Operating margin was 17.7%, net loss $172K (6.8% of revenue).
Medalist Diversified, Q4 2024: revenue $2.5M (-7% year over year), operating margin 17.7%, net loss $172K, operating cash flow $385K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5M | +8% | -7% |
| Operating profit | $448K | — | — |
| Net earnings | −$172K | — | — |
| Operating cash flow | $385K | +175% | — |
| Free cash flow | $147K | — | — |
What changed
Revenue was $2.5M in Q4 2024, down 7% year over year and up 8% from the previous quarter. Retail center property was the largest line at 66% of revenue.
Operating profit was $448K, a 17.7% margin (down 0.2 points year over year). Total costs fell 7% while revenue fell 7%. The fastest-growing cost line was General & admin (+84%). The quarter ended with a net loss of $172K, narrower than the previous quarter's $518K loss. Net interest and other expense of $620K was the main reason.
Operating cash flow was $385K. Non-cash charges added back $936K of depreciation and amortization. Working capital and other items used $379K. Capital expenditures of $238K left free cash flow of $147K.
Questions
What was Medalist Diversified's revenue in the fourth quarter 2024?
Medalist Diversified (MDRR) reported revenue of $2.5M for the fourth quarter 2024 (Q4 2024), -7% from a year earlier and +8% from the quarter before.
Was Medalist Diversified profitable in the fourth quarter 2024?
Operating profit was $448K (17.7% of revenue) and net loss $172K.