Filing Flows › RCM Technologies (RCMT) › Q4 2024
RCM Technologies (RCMT) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 13, 2025
RCM Technologies (RCMT) reported revenue of $76.9M for the fourth quarter 2024 (Q4 2024), +8% from a year earlier and +27% from the quarter before. Operating margin was 8.2%, net earnings $2.9M (3.7% of revenue).
RCM Technologies, Q4 2024: revenue $76.9M (+8% year over year), operating margin 8.2%, net earnings $2.9M, operating cash flow −$1.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $76.9M | +27% | +8% |
| Gross profit | $21.6M | +21% | -0.3% |
| Operating profit | $6.3M | +43% | -21% |
| Net earnings | $2.9M | +4% | -45% |
| Operating cash flow | −$1.6M | — | — |
What changed
Revenue was $76.9M in Q4 2024, up 8% year over year and up 27% from the previous quarter. Health Care was the largest line at 53% of revenue.
Gross margin was 28.0%, down 2.4 points from a year earlier. Operating profit was $6.3M, a 8.2% margin (down 3.0 points year over year). Operating profit fell $1.6M even though revenue rose $5.9M versus a year earlier, so costs grew faster than sales. Operating expenses grew 11% against revenue growth of 8%. Net earnings were $2.9M, down 45% year over year. The effective tax rate was 50.3%.
Operating cash flow was −$1.6M. Non-cash charges added back $1.0M of depreciation and amortization and $710K of share-based compensation. Working capital and other items used $6.2M. Capital expenditures of $1.0M exceeded it, leaving free cash flow of −$2.6M.
Questions
What was RCM Technologies' revenue in the fourth quarter 2024?
RCM Technologies (RCMT) reported revenue of $76.9M for the fourth quarter 2024 (Q4 2024), +8% from a year earlier and +27% from the quarter before.
Was RCM Technologies profitable in the fourth quarter 2024?
Operating profit was $6.3M (8.2% of revenue) and net earnings $2.9M.
Source: RCM Technologies 10-K on SEC EDGAR.