Filing Flows › Zoned Properties (ZDPY) › Q4 2024
Zoned Properties (ZDPY) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 25, 2025
Zoned Properties (ZDPY) reported revenue of $1.2M for the fourth quarter 2024 (Q4 2024), +75% from a year earlier and +20% from the quarter before. Operating margin was 34.5%, net earnings $451K (36.5% of revenue).
Zoned Properties, Q4 2024: revenue $1.2M (+75% year over year), operating margin 34.5%, net earnings $451K, operating cash flow $123K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2M | +20% | +75% |
| Operating profit | $426K | -4% | +442% |
| Net earnings | $451K | +666% | — |
| Operating cash flow | $123K | -41% | +127% |
What changed
Revenue was $1.2M in Q4 2024, up 75% year over year and up 20% from the previous quarter. Property Investment Portfolio Revenues was the largest line at 62% of revenue.
Operating profit was $426K, a 34.5% margin (up 23.4 points year over year). Of the extra revenue versus a year earlier, 66% reached operating profit, above the 11% margin then. Total costs grew 29% against revenue growth of 75%. The fastest-growing cost line was Other operating costs (+38%). Net earnings were $451K. The effective tax rate was 0.0%.
Operating cash flow was $123K (up 127% year over year), 27% of net earnings. Non-cash charges added back $89K of depreciation and amortization and $16K of share-based compensation. Working capital and other items used $433K. Capital expenditures of −$2.1M left free cash flow of $2.3M.
Questions
What was Zoned Properties' revenue in the fourth quarter 2024?
Zoned Properties (ZDPY) reported revenue of $1.2M for the fourth quarter 2024 (Q4 2024), +75% from a year earlier and +20% from the quarter before.
Was Zoned Properties profitable in the fourth quarter 2024?
Operating profit was $426K (34.5% of revenue) and net earnings $451K.
Source: Zoned Properties 10-K on SEC EDGAR.