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

In Q4 2024, CollPlant (CLGN) experienced a significant decline in net income, with a reported loss of $3.88 million. The company's total revenue for the quarter was $164,000, primarily generated from the sales of goods within the business segment. The following highlights the key shifts in CLGN's revenue and expenses for Q4 2024:

1. **Revenue Shift**: The company's revenue was largely derived from the business segment, with sales of goods contributing $515,000. This indicates a focus on product sales rather than service-based revenue models.
2. **Expense Shift**: CLGN's operating expenses were $2.54 million, which, when combined with R&D expenses of $1.32 million, highlight the company's investment in maintaining operational efficiency and developing new products. The selling, general, and administrative expenses were $1.32 million, suggesting a focus on marketing and administrative functions to support business operations.
3. **Financial Health Concerns**: The negative net income and relatively low revenue compared to expenses raise concerns about the company's financial health. It is crucial for CLGN to manage its expenses effectively and potentially explore revenue growth opportunities to improve its financial position.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|CLGN|CLGN.O|CollPlant|20240101-2024|Sales of goods|515000|185|
|CLGN|CLGN.O|CollPlant|20240101-2024|Sales of goods|347000|185|

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|CLGN|CLGN.O|CollPlant|2024 Q1|-12.920592193808883|-4195000|185|
|CLGN|CLGN.O|CollPlant|2024 Q2|-173.06490801804927|-4210000|185|
|CLGN|CLGN.O|CollPlant|2024 Q3|1.1651816312542838|-4326000|185|
|CLGN|CLGN.O|CollPlant|2024 Q4|17.29579867775645|-3878000|185|

|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|CLGN|CLGN.O|CollPlant|2024 Q1|-77.36720554272517|98000|185|
|CLGN|CLGN.O|CollPlant|2024 Q2|-97.55498821681068|249000|185|
|CLGN|CLGN.O|CollPlant|2024 Q3|-90.69767441860465|4000|185|
|CLGN|CLGN.O|CollPlant|2024 Q4|-45.1505016722408|164000|185|

|code|Ticker|Name|Date|Selling, General, and Administrative Expenses|Selling, General, and Administrative Expenses YoY|market_code|
|---|---|---|---|---|---|---|
|CLGN|CLGN.O|CollPlant|20240331|1476000|-3.2131147540983602|185|
|CLGN|CLGN.O|CollPlant|20240630|1422000|7.890743550834597|185|
|CLGN|CLGN.O|CollPlant|20240930|1405000|-15.9688995215311|185|
|CLGN|CLGN.O|CollPlant|20241231|1323000|-10.668467251856853|185|