Filing Flows › Optex Systems Holdings (OPXS) › Q4 FY24
Optex Systems Holdings (OPXS) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 19, 2024
Optex Systems Holdings (OPXS) reported revenue of $9.4M for the fourth quarter fiscal 2024 (Q4 FY24), +17% from a year earlier and +4% from the quarter before. Operating margin was 13.7%, net earnings $1.0M (10.7% of revenue).
Optex Systems Holdings, Q4 FY24: revenue $9.4M (+17% year over year), operating margin 13.7%, net earnings $1.0M, operating cash flow $753K. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.4M | +4% | +17% |
| Gross profit | $2.4M | -16% | -9% |
| Operating profit | $1.3M | -20% | -24% |
| Net earnings | $1.0M | -20% | -29% |
| Operating cash flow | $753K | 15× | -32% |
| Free cash flow | $545K | — | -50% |
What changed
Revenue was $9.4M in Q4 FY24, up 17% year over year and up 4% from the previous quarter.
Gross margin was 25.5%, down 7.1 points from a year earlier. Operating profit was $1.3M, a 13.7% margin (down 7.3 points year over year). Operating profit fell $403K even though revenue rose $1.4M versus a year earlier, so costs grew faster than sales. Operating expenses grew 19% against revenue growth of 17%. Net earnings were $1.0M, down 29% year over year. The effective tax rate was 21.0%.
Operating cash flow was $753K (down 32% year over year), 74% of net earnings. Non-cash charges added back $146K of depreciation and amortization and $65K of share-based compensation. Working capital and other items used $472K. Capital expenditures of $208K left free cash flow of $545K.
Questions
What was Optex Systems Holdings' revenue in the fourth quarter fiscal 2024?
Optex Systems Holdings (OPXS) reported revenue of $9.4M for the fourth quarter fiscal 2024 (Q4 FY24), +17% from a year earlier and +4% from the quarter before.
Was Optex Systems Holdings profitable in the fourth quarter fiscal 2024?
Operating profit was $1.3M (13.7% of revenue) and net earnings $1.0M.