How did Procore's revenue and expenses trend in Q4 2024?

Procore Technologies experienced a notable surge in unusual options activity, with the volume of call options for the Dec. 20 $80 strike price being particularly high. This indicates that investors are anticipating potential growth or a rebound in the stock price. Here's an analysis of Procore's revenue and expense trends in Q4 2024: 1. **Revenue Trend**: Procore's revenue for Q4 2024 is expected to be in the range of $296 million to $298 million, which represents a 14% to 15% year-over-year growth. This outlook suggests a positive trend in revenue, albeit slightly below the initial analyst expectations. 2. **Expense Trends**: Procore's gross margin was 81.4%, which remained flat compared to the previous year. This indicates stability in the company's cost management. However, the operating margin was reported at -12.3%, which improved by 800 basis points compared to Q3 2023. This improvement in operating margin suggests a positive trend in expense management, despite the negative figure. |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |PCOR|PCOR.N|Procore|2024 Q1|82.71628288177534|-1.0966E7|169| |PCOR|PCOR.N|Procore|2024 Q2|88.06565685217753|-6311000|169| |PCOR|PCOR.N|Procore|2024 Q3|39.818003512212925|-2.6388E7|169| |PCOR|PCOR.N|Procore|2024 Q4|-111.02002100342152|-6.2291E7|169| |code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code| |---|---|---|---|---|---|---| |PCOR|PCOR.N|Procore|2024 Q1|82.22222222222221|-0.08|169| |PCOR|PCOR.N|Procore|2024 Q2|89.1891891891892|-0.04|169| |PCOR|PCOR.N|Procore|2024 Q3|41.935483870967744|-0.18|169| |PCOR|PCOR.N|Procore|2024 Q4|-109.99999999999999|-0.42|169| In conclusion, Procore Technologies is exhibiting positive trends in both revenue and expense management in Q4 2024, with expected revenue growth and improved operating margins. The company's focus on cost management and investment in growth opportunities is reflected in its financial outlook.