Filing Flows › Meridian Holdings (MRDN) › Q4 2024
Meridian Holdings (MRDN) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 24, 2025
Meridian Holdings (MRDN) reported revenue of $45.9M for the fourth quarter 2024 (Q4 2024), +81% from a year earlier and +12% from the quarter before. Operating margin was -0.2%, net loss $2.1M (4.5% of revenue).
Meridian Holdings, Q4 2024: revenue $45.9M (+82% year over year), operating margin -0.2%, net loss $2.1M, operating cash flow $16.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $45.9M | +12% | +81% |
| Operating profit | −$99K | — | — |
| Net earnings | −$2.1M | — | — |
| Operating cash flow | $16.6M | +248% | +98% |
| Free cash flow | $13.4M | +481% | +120% |
What changed
Revenue was $45.9M in Q4 2024, up 81% year over year and up 12% from the previous quarter.
Gross margin was 58.4%, down 14.6 points from a year earlier. Operating costs exceeded revenue by $99K, an operating margin of -0.2%. Operating expenses grew 61% against revenue growth of 81%. The quarter ended with a net loss of $2.1M, narrower than the previous quarter's $3.3M loss. Net interest and other expense of $2.0M was the main reason.
Operating cash flow was $16.6M (up 98% year over year). Non-cash charges added back $2.1M of depreciation and amortization and $3.1M of share-based compensation. Working capital and other items added $13.5M. Capital expenditures of $3.2M left free cash flow of $13.4M.
Questions
What was Meridian Holdings' revenue in the fourth quarter 2024?
Meridian Holdings (MRDN) reported revenue of $45.9M for the fourth quarter 2024 (Q4 2024), +81% from a year earlier and +12% from the quarter before.
Was Meridian Holdings profitable in the fourth quarter 2024?
Operating loss was $99K (-0.2% of revenue) and net loss $2.1M.
Source: Meridian Holdings 10-K on SEC EDGAR.