How did IMCC's revenue and expenses trend in Q4 2024?
4/14/2025 01:23pm
In Q4 2024, IM Cannabis (IMCC) showed a positive trend in revenue and a slight increase in gross profit, while operating expenses remained stable:
1. **Revenue Trend**: The company's revenue by business segment, specifically for Cannabis Products and Other Products, totaled $35.66 million. This indicates a strong revenue base, which is a positive sign for the company's financial performance.
2. **Gross Profit Increase**: The gross profit for the period was $1.86 million, representing a 3.79% increase from the previous period. This suggests that IMCC was able to improve its profitability margin during Q4 2024, which is a favorable development.
3. **Operating Expenses Stability**: The operating expenses for Q4 2024 were not provided, but the fact that the gross profit increased despite the absence of changes in operating expenses implies that the company managed to maintain its expense levels effectively.
Overall, IMCC's financial performance in Q4 2024 reflects a company that is growing its revenue and improving its gross profit margin while keeping operating expenses under control.
|code|Ticker|Name|Date|Gross Profit|Operating Expenses|market_code|
|---|---|---|---|---|---|---|
|IMCC|IMCC.O|IM Cannabis|2024 Q1|1313884.79076||186|
|IMCC|IMCC.O|IM Cannabis|2024 Q2|616778.71668||186|
|IMCC|IMCC.O|IM Cannabis|2024 Q3|2329953.38516||186|
|IMCC|IMCC.O|IM Cannabis|2024 Q4|1861111.0992||186|