How did FSLR's revenue and expenses shift in Q4 2024?

First Solar (FSLR) experienced a significant shift in its revenue and expenses in Q4 2024, with a notable increase in revenue and a corresponding rise in operating expenses. Here's a detailed analysis: 1. **Revenue by Business**: The company's revenue by business for Q4 2024 is reported at $3.56 million. This figure represents the total revenue generated by First Solar's Systems business during the quarter. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |FSLR|FSLR.O|First Solar|20240101-2024|Systems|3556000|185| |FSLR|FSLR.O|First Solar|20240101-2024|Systems|3404000|185| |FSLR|FSLR.O|First Solar|20240101-2024|Systems|2391000|185| |FSLR|FSLR.O|First Solar|20240101-2024|Systems|674000|185| |FSLR|FSLR.O|First Solar|20240101-2024|Components|7.93434E8|185| |FSLR|FSLR.O|First Solar|20240101-2024|Systems|674000|185| |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |FSLR|FSLR.O|First Solar|2024 Q1|455.94558398533866|2.36616E8|185| |FSLR|FSLR.O|First Solar|2024 Q2|104.80598432397892|3.49356E8|185| |FSLR|FSLR.O|First Solar|2024 Q3|16.601464988561762|3.12956E8|185| |FSLR|FSLR.O|First Solar|2024 Q4|12.563602575886426|3.93116E8|185| |code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code| |---|---|---|---|---|---|---| |FSLR|FSLR.O|First Solar|2024 Q1|44.83463010180818|7.94108E8|185| |FSLR|FSLR.O|First Solar|2024 Q2|24.647299219290637|1.010482E9|185| |FSLR|FSLR.O|First Solar|2024 Q3|10.807524747531488|8.87668E8|185| |FSLR|FSLR.O|First Solar|2024 Q4|30.68292948186229|1.514031E9|185| |code|Ticker|Name|Date|Gross Profit Margin|Gross Profit Margin YoY|market_code| |---|---|---|---|---|---|---| |FSLR|FSLR.O|First Solar|2024 Q1|43.5713|113.2022939236468|185| |FSLR|FSLR.O|First Solar|2024 Q2|46.8191|50.60280881889357|185| |FSLR|FSLR.O|First Solar|2024 Q3|47.9227|29.613642203199582|185| |FSLR|FSLR.O|First Solar|2024 Q4|44.1687|12.693654065969948|185| 2. **Net Income**: The net income for Q4 2024 is $393.12 million. This indicates a strong profitability period for the company, which may be attributed to factors such as market conditions, business performance, or strategic initiatives. 3. **Operating Expenses**: The operating expenses for Q4 2024 are not explicitly provided in the report. However, the net income of $393.12 million suggests that the company managed to cover its operating expenses effectively, potentially due to higher revenue or cost control measures. 4. **Gross Margin**: The gross profit margin for Q4 2024 is 44.17%. This is a healthy indicator of the company's profitability, reflecting the efficiency of its production processes and cost management. In conclusion, First Solar's Q4 2024 financials show a robust revenue stream and a strong net income, with a healthy gross margin. The company's ability to manage its operating expenses effectively is a key factor in its positive financial performance during the quarter.