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

United States Antimony (UAMY) experienced a significant decline in net income, with a reported $16,000 loss in Q4 2024, compared to a profit of $16,000 in the previous quarter. This shift in financial performance was primarily driven by a substantial increase in operating expenses, which rose to $1.92 million, resulting in a negative operating margin of 16%. The increase in operating expenses was accompanied by a decrease in revenue, with total revenue falling to $6.87 million, down from the previous quarter's revenue of $11.47 million. This decline in revenue, combined with the increased expenses, contributed to the negative net income.