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

**Harvard Bioscience Inc. (HBIO) experienced a decline in revenues and a shift in revenue segments in Q4 2024, with no available data on operating expenses for the quarter.**

1. **Revenue Decline**: HBIO's revenues for Q4 2024 were $24.56 million, reflecting a decrease from the $28.15 million reported in the same quarter of the previous year. This decline was attributed to challenges in the market environment, including reduced demand from certain customer segments such as contract research organizations and academic medical research institutions.
2. **Shift in Revenue Segments**: The company's revenue segments showed significant variation. The Instruments, Equipment, Software, and Accessories segment generated $86.96 million, while the Service, Maintenance, and Warranty Contracts segment contributed $7.17 million. The Service, Maintenance, and Warranty Contracts segment saw a decrease in revenue, with $4.99 million recorded in Q4 2024, down from the previous quarter's $7.17 million.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|HBIO|HBIO.O|Harvard Bioscience|20240101-2024|Service, Maintenance and Warranty Contracts|7171000|185|
|HBIO|HBIO.O|Harvard Bioscience|20240101-2024|Service, Maintenance and Warranty Contracts|4985000|185|
|HBIO|HBIO.O|Harvard Bioscience|20240101-2024|Service, Maintenance and Warranty Contracts|3558000|185|
|HBIO|HBIO.O|Harvard Bioscience|20240101-2024|Service, Maintenance and Warranty Contracts|1753000|185|
|HBIO|HBIO.O|Harvard Bioscience|20240101-2024|Instruments, Equipment, Software and Accessories|2.2759E7|185|
|HBIO|HBIO.O|Harvard Bioscience|20240101-2024|Service, Maintenance and Warranty Contracts|1753000|185|

3. **No Available Data on Operating Expenses**: There was no data provided on HBIO's operating expenses for Q4 2024. However, the company had implemented cost reduction actions earlier in the year, expecting to achieve incremental quarterly savings of $1 million beginning in Q4. This suggests that despite the revenue decline, HBIO was actively managing costs to improve its financial position.

In conclusion, HBIO faced a challenging market environment in Q4 2024, leading to a decline in revenues, particularly in the Service, Maintenance, and Warranty Contracts segment. The company's strategic cost management measures provided some resilience, but the lack of available data on operating expenses prevents a full assessment of the company's financial performance for the quarter.