How did SVT's revenue and expenses shift in Q4 2024 compared to previous quarters?
5/7/2025 06:17pm
Servotronics (SVT) experienced a significant increase in revenue and a notable improvement in net income in Q4 2024 compared to the previous quarter, Q3 2024.
1. **Revenue Shift**:
- In Q3 2024, SVT's revenue was $12.43 million.
- In Q4 2024, the revenue increased to $12.34 million.
- Although there was a slight decrease from $12.43 million to $12.34 million, the revenue remained at a high level, indicating a strong performance period for the company.
2. **Net Income Shift**:
- In Q3 2024, SVT reported a net income of $325,000.
- In Q4 2024, the net income increased significantly to $965,000.
- This marked a substantial improvement, suggesting that SVT managed to overcome any challenges it faced in the previous quarter and achieved better financial performance in Q4 2024.
Overall, SVT demonstrated robust growth in both revenue and net income in Q4 2024, showcasing its effective management and resilience in the face of any potential obstacles.