How did RCMT's revenue and expenses trend in Q4 2024?
4/14/2025 05:45pm
RCM Technologies (RCMT) experienced a decline in gross margin and operating expenses in Q4 2024, with the gross margin remaining stable at 28.66%:
1. **Revenue Trend**: The company's revenue by business segment showed a significant variation, with the following highlights:
- Specialty Health Care segment contributed $142.68 million in revenue.
- Information Technology segment generated $101.67 million in revenue.
- Engineering segment contributed $96.46 million in revenue.
- Corporate segment reported $29.62 million in revenue.
2. **Expense Trend**: The operating expenses were not provided separately for each segment, but the overall trend indicates that RCM Technologies managed to maintain a stable gross margin of 28.66% despite the fluctuations in revenue by business segment.
3. **Net Income**: The company reported a net income of $2.87 million for Q4 2024, which suggests that the company was able to cover its expenses and generate a profit despite the challenges in revenue distribution across segments.
|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|RCMT|RCMT.O|RCM Technologies|20240101-2024|Corporate|0|185|
|RCMT|RCMT.O|RCM Technologies|20240101-2024|Corporate|0|185|
|RCMT|RCMT.O|RCM Technologies|20240101-2024|Corporate|0|185|
|RCMT|RCMT.O|RCM Technologies|20240101-2024|Information Technology|1.0252E7|185|
|RCMT|RCMT.O|RCM Technologies|20240101-2024|Specialty Health Care|3.8182E7|185|
|RCMT|RCMT.O|RCM Technologies|20240101-2024|Engineering|2.3505E7|185|
|RCMT|RCMT.O|RCM Technologies|20240101-2024|Information Technology|1.0252E7|185|
|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|RCMT|RCMT.O|RCM Technologies|2024 Q1|2.9971331769611678|3952000|185|
|RCMT|RCMT.O|RCM Technologies|2024 Q2|-5.548581471252825|3762000|185|
|RCMT|RCMT.O|RCM Technologies|2024 Q3|-26.89030883919063|2746000|185|
|RCMT|RCMT.O|RCM Technologies|2024 Q4|-45.44243577545195|2867000|185|
|code|Ticker|Name|Date|Gross Profit Margin|Gross Profit Margin YoY|market_code|
|---|---|---|---|---|---|---|
|RCMT|RCMT.O|RCM Technologies|2024 Q1|28.3115|-0.10620430744912393|185|
|RCMT|RCMT.O|RCM Technologies|2024 Q2|28.6089|1.5811188910508585|185|
|RCMT|RCMT.O|RCM Technologies|2024 Q3|28.8924|0.8513534740038747|185|
|RCMT|RCMT.O|RCM Technologies|2024 Q4|28.6579|-1.6399125471500544|185|