Filing Flows › UTG (UTGN) › Q4 2024
UTG (UTGN) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 26, 2025
UTG (UTGN) reported revenue of $16.0M for the fourth quarter 2024 (Q4 2024), +55% from a year earlier and -60% from the quarter before. Operating margin was 62.4%, net earnings $8.0M (49.9% of revenue).
UTG, Q4 2024: revenue $16.0M (+55% year over year), operating margin 62.4%, net earnings $8.0M, operating cash flow −$1.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $16.0M | -60% | +55% |
| Operating profit | $10.0M | -71% | +77% |
| Net earnings | $8.0M | -71% | +85% |
| Operating cash flow | −$1.0M | — | — |
What changed
Revenue was $16.0M in Q4 2024, up 55% year over year and down 60% from the previous quarter.
Operating profit was $10.0M, a 62.4% margin (up 7.7 points year over year). Of the extra revenue versus a year earlier, 76% reached operating profit, above the 55% margin then. Total costs grew 29% against revenue growth of 55%. Net earnings were $8.0M, up 85% year over year. The effective tax rate was 19.8%.
Operating cash flow was −$1.0M. Non-cash charges added back $498K of depreciation and $128K of share-based compensation. Working capital and other items used $9.6M.
Questions
What was UTG's revenue in the fourth quarter 2024?
UTG (UTGN) reported revenue of $16.0M for the fourth quarter 2024 (Q4 2024), +55% from a year earlier and -60% from the quarter before.
Was UTG profitable in the fourth quarter 2024?
Operating profit was $10.0M (62.4% of revenue) and net earnings $8.0M.
Source: UTG 10-K on SEC EDGAR.