How has MCHX's earnings performance evolved over the past year?
4/5/2025 12:28am
MCHX's earnings performance has shown a decline in the first three months of 2024, with a slight improvement in the fourth quarter.
1. **Consistent Losses in Q1, Q2, and Q3**: The company reported a loss of $0.02 per diluted share in Q1 and Q2, and $0.03 in Q3, indicating a downward trend in profitability over these periods.
2. **Improvement in Q4**: However, in Q4, the company's performance showed a slight improvement, with a reported revenue of $11.92 million, which is the highest for the year. This suggests that the company may be on the verge of a turnaround or that Q4 marked a low point in the company's financial performance.