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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).

Revenue$16.0M
Year over year+55%
Quarter over quarter-60%
Operating margin62.4%
Net earnings$8.0M

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 2024AmountQ/QY/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.

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Source: UTG 10-K on SEC EDGAR.