Filing Flows › Trio Petroleum (TPET) › Q4 FY24
Trio Petroleum (TPET) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Jan 17, 2025
Trio Petroleum (TPET) reported revenue of $77K for the fourth quarter fiscal 2024 (Q4 FY24) and +22% from the quarter before.
Trio Petroleum, Q4 FY24: revenue $77K, net loss $1.7M, operating cash flow −$4.0M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $77K | +22% | — |
| Operating profit | −$1.3M | — | — |
| Net earnings | −$1.7M | — | — |
| Operating cash flow | −$4.0M | — | — |
What changed
Revenue was $77K in Q4 FY24, up 22% from the previous quarter.
Gross margin was 100.0%. Operating costs exceeded revenue by $1.3M, an operating margin of -1694.1%. The quarter ended with a net loss of $1.7M, narrower than the previous quarter's $2.2M loss.
Operating cash flow was −$4.0M. Non-cash charges added back $384K of share-based compensation. Working capital and other items used $2.6M. Capital expenditures of $36K exceeded it, leaving free cash flow of −$4.0M.
Questions
What was Trio Petroleum's revenue in the fourth quarter fiscal 2024?
Trio Petroleum (TPET) reported revenue of $77K for the fourth quarter fiscal 2024 (Q4 FY24) and +22% from the quarter before.
Source: Trio Petroleum 10-K on SEC EDGAR.