Filing Flows › SCWorx (WORX) › Q4 2024
SCWorx (WORX) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
SCWorx (WORX) reported revenue of $676K for the fourth quarter 2024 (Q4 2024), -26% from a year earlier and -11% from the quarter before. Operating margin was -56.3%, net loss $195K (28.9% of revenue).
SCWorx, Q4 2024: revenue $676K (-26% year over year), operating margin -56.3%, net loss $195K, operating cash flow −$134K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $676K | -11% | -26% |
| Operating profit | −$380K | — | — |
| Net earnings | −$195K | — | — |
| Operating cash flow | −$134K | — | — |
What changed
Revenue was $676K in Q4 2024, down 26% year over year and down 11% from the previous quarter.
Gross margin was 23.4%, down 14.6 points from a year earlier. Operating costs exceeded revenue by $380K, an operating margin of -56.3%. Operating expenses grew 38% against a revenue fall of 26%. The fastest-growing cost line was Other operating costs (+41%). The quarter ended with a net loss of $195K, narrower than the previous quarter's $425K loss. Non-operating items added $185K, -95% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$134K. Working capital and other items added $61K.
Questions
What was SCWorx's revenue in the fourth quarter 2024?
SCWorx (WORX) reported revenue of $676K for the fourth quarter 2024 (Q4 2024), -26% from a year earlier and -11% from the quarter before.
Was SCWorx profitable in the fourth quarter 2024?
Operating loss was $380K (-56.3% of revenue) and net loss $195K.
Source: SCWorx 10-K on SEC EDGAR.