Filing Flows › SBC Medical Group Holdings (SBC) › Q4 2024
SBC Medical Group Holdings (SBC) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 28, 2025
SBC Medical Group Holdings (SBC) reported revenue of $44.4M for the fourth quarter 2024 (Q4 2024), -29% from a year earlier and -16% from the quarter before. Operating margin was 10.6%, net earnings $6.5M (14.7% of revenue).
SBC Medical Group Holdings, Q4 2024: revenue $44.4M (-29% year over year), operating margin 10.6%, net earnings $6.5M, operating cash flow −$7.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $44.4M | -16% | -29% |
| Gross profit | $33.9M | -22% | -22% |
| Operating profit | $4.7M | -66% | -80% |
| Net earnings | $6.5M | +131% | -54% |
| Operating cash flow | −$7.3M | — | — |
What changed
Revenue was $44.4M in Q4 2024, down 29% year over year and down 16% from the previous quarter.
Gross margin was 76.3%, up 6.7 points from a year earlier. Operating profit was $4.7M, a 10.6% margin (down 27.9 points year over year). Operating expenses grew 50% against a revenue fall of 29%. Net earnings were $6.5M, down 54% year over year. The effective tax rate was -8.1%. Non-operating items added $1.3M, 22% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$7.3M. Non-cash charges added back $932K of depreciation and amortization and $215K of share-based compensation. Working capital and other items used $15.0M. Capital expenditures of $590K exceeded it, leaving free cash flow of −$7.9M.
Questions
What was SBC Medical Group Holdings' revenue in the fourth quarter 2024?
SBC Medical Group Holdings (SBC) reported revenue of $44.4M for the fourth quarter 2024 (Q4 2024), -29% from a year earlier and -16% from the quarter before.
Was SBC Medical Group Holdings profitable in the fourth quarter 2024?
Operating profit was $4.7M (10.6% of revenue) and net earnings $6.5M.