Filing Flows › Sunrise Real Estate Group (SRRE) › Q4 2024
Sunrise Real Estate Group (SRRE) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 29, 2025
Sunrise Real Estate Group (SRRE) reported revenue of $2.0M for the fourth quarter 2024 (Q4 2024), -69% from a year earlier and -72% from the quarter before. Operating margin was -74.2%, net loss $12.5M (614.1% of revenue).
Sunrise Real Estate Group, Q4 2024: revenue $2.0M (-69% year over year), operating margin -74.2%, net loss $12.5M, operating cash flow $961K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0M | -72% | -69% |
| Operating profit | −$1.5M | — | — |
| Net earnings | −$12.5M | — | — |
| Operating cash flow | $961K | — | -90% |
| Free cash flow | $960K | — | -90% |
What changed
Revenue was $2.0M in Q4 2024, down 69% year over year and down 72% from the previous quarter.
Operating costs exceeded revenue by $1.5M, an operating margin of -74.2%. The fastest-growing cost line was Other operating costs (+105%). The quarter ended with a net loss of $12.5M, after a profit of $3.3M the previous quarter. Minority interests bore $7.9M of it: to shareholders the quarter was a loss of $4.6M. Net interest and other expense of $11.1M was the main reason.
Operating cash flow was $1.0M (down 90% year over year). Non-cash charges added back $600K of depreciation and amortization. Working capital and other items added $12.9M. Capital expenditures of $1K left free cash flow of $1.0M.
Questions
What was Sunrise Real Estate Group's revenue in the fourth quarter 2024?
Sunrise Real Estate Group (SRRE) reported revenue of $2.0M for the fourth quarter 2024 (Q4 2024), -69% from a year earlier and -72% from the quarter before.
Was Sunrise Real Estate Group profitable in the fourth quarter 2024?
Operating loss was $1.5M (-74.2% of revenue) and net loss $12.5M.