How did SOWG's revenue and expenses shift in Q4 2024?
5/9/2025 03:41pm
Sow Good Inc. (SOWG) experienced a significant decline in revenue and a substantial increase in expenses in Q4 2024 compared to the same period in the previous year.
1. **Revenue Shift**:
- **Q4 2023**: Sow Good reported a revenue of $5.0 million.
- **Q4 2024**: Revenue decreased to $3.6 million.
- **Change**: There was a notable decline of approximately 28% in revenue.
2. **Expense Shift**:
- **Q4 2023**: Operating expenses were reported at $997,616.
- **Q4 2024**: Expenses increased significantly to $3.8 million.
- **Change**: There was a substantial increase of approximately 280% in operating expenses.
3. **Net Income Impact**:
- **Q4 2023**: The company reported a net income of $0.3 million.
- **Q4 2024**: Sow Good incurred a net loss of $3.4 million.
- **Change**: There was a significant deterioration in net income, moving from a profit to a substantial loss.
The decline in revenue and the increase in expenses, particularly in operating expenses, led to a substantial net loss in Q4 2024. This trend reflects the challenges faced by the company, including product quality concerns and strategic pauses in shipments, which affected financial performance.