Filing Flows › QHSLab (USAQ) › Q4 2024
QHSLab (USAQ) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 28, 2025
QHSLab (USAQ) reported revenue of $626K for the fourth quarter 2024 (Q4 2024), +99% from a year earlier and +15% from the quarter before. Operating margin was 11.7%, net loss $288K (45.9% of revenue).
QHSLab, Q4 2024: revenue $626K (+99% year over year), operating margin 11.7%, net loss $288K, operating cash flow $55K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $626K | +15% | +99% |
| Operating profit | $73K | — | — |
| Net earnings | −$288K | — | — |
| Operating cash flow | $55K | — | — |
What changed
Revenue was $626K in Q4 2024, up 99% year over year and up 15% from the previous quarter. Integrated Service Program was the largest line at 31% of revenue.
Gross margin was 65.8%, up 5.6 points from a year earlier. Operating profit was $73K, a 11.7% margin (up 27.0 points year over year). Operating expenses grew 42% against revenue growth of 99%. The fastest-growing cost line was Research & development (+142%). The quarter ended with a net loss of $288K, after a profit of $50K the previous quarter. Net interest and other expense of $361K was the main reason.
Operating cash flow was $55K. Non-cash charges added back $37K of depreciation and amortization. Working capital and other items added $306K.
Questions
What was QHSLab's revenue in the fourth quarter 2024?
QHSLab (USAQ) reported revenue of $626K for the fourth quarter 2024 (Q4 2024), +99% from a year earlier and +15% from the quarter before.
Was QHSLab profitable in the fourth quarter 2024?
Operating profit was $73K (11.7% of revenue) and net loss $288K.
Source: QHSLab 10-K on SEC EDGAR.