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

New Gold's revenue and expenses in Q4 2024 showed a notable shift, with a significant increase in revenue and a corresponding rise in expenses. 1. **Revenue Shift**: - New Gold's total revenue for Q4 2024 was $262.2 million. - This represents a substantial increase from the previous quarter, indicating a strong performance in sales and production. 2. **Expense Shift**: - The cost of goods sold (COGS) for the same period was $169.1 million. - Selling, general, and administrative (SG&A) expenses were $8.7 million. - While the COGS increased, the SG&A expenses also rose, suggesting that New Gold faced higher operational costs and administrative expenses during the quarter. 3. **Analysis**: - The increase in both revenue and expenses suggests that New Gold may have experienced higher production costs or operational challenges, despite the strong revenue growth. - The company's net income can be affected by the difference between the revenue growth and the increase in expenses, including COGS and SG&A. - To maintain profitability, New Gold may need to focus on optimizing its operations to manage costs effectively, ensuring that the increased revenue flow translates into higher profits. |code|Ticker|Name|Date|Selling, General, and Administrative Expenses|Cost of Goods Sold|Total Revenue|market_code| |---|---|---|---|---|---|---|---| |NGD|NGD.A|New Gold|2024 Q1|6600000|1.695E8|1.921E8|170| |NGD|NGD.A|New Gold|2024 Q2|8900000|1.793E8|2.182E8|170| |NGD|NGD.A|New Gold|2024 Q3|1.44E7|1.659E8|2.52E8|170| |NGD|NGD.A|New Gold|2024 Q4|8700000|1.691E8|2.622E8|170|