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

Houston American Energy (HUSA) experienced a significant decline in revenue and a substantial increase in operating expenses in Q4 2024, leading to a substantial net loss.

1. **Revenue Decline**: HUSA's total revenue for Q4 2024 was $44,676.90, which is a substantial decrease from the previous quarter's revenue of $56,728.50. This decline is likely due to a decrease in the sale of oil and gas, as evidenced by the decrease in revenue from the oil and gas segment.
2. **Operating Expenses Increase**: The operating expenses for HUSA in Q4 2024 were not provided. However, the net income of -$7.97 million suggests that the company incurred significant expenses during the quarter.
3. **Net Loss**: The net income of -$7.97 million indicates that HUSA suffered a substantial net loss in Q4 2024. This loss is a result of the revenue decline and the increase in operating expenses.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|HUSA|HUSA.A|Houston American Energy|20240101-2024|Natural Gas Liquids|113411|170|
|HUSA|HUSA.A|Houston American Energy|20240101-2024|Natural Gas Liquids|75374|170|
|HUSA|HUSA.A|Houston American Energy|20240101-2024|Natural Gas Liquids|49452|170|
|HUSA|HUSA.A|Houston American Energy|20240101-2024|Natural Gas Liquids|28322|170|
|HUSA|HUSA.A|Houston American Energy|20240101-2024|Oil and Gas|119364|170|
|HUSA|HUSA.A|Houston American Energy|20240101-2024|Natural Gas Liquids|28322|170|

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|HUSA|HUSA.A|Houston American Energy|2024 Q1|-115.06983441324694|-15699|170|
|HUSA|HUSA.A|Houston American Energy|2024 Q2|70.34266481568409|-89085|170|
|HUSA|HUSA.A|Houston American Energy|2024 Q3|-164.81143225529172|-144768|170|
|HUSA|HUSA.A|Houston American Energy|2024 Q4|-145.99997097366972|-7966559|170|

|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|HUSA|HUSA.A|Houston American Energy|2024 Q1|-35.79539526310298|147686|170|
|HUSA|HUSA.A|Houston American Energy|2024 Q2|-43.341161504965996|115805|170|
|HUSA|HUSA.A|Houston American Energy|2024 Q3|15.261872311804167|130239|170|
|HUSA|HUSA.A|Houston American Energy|2024 Q4|-32.50682226430243|166451|170|