How did LEGH's revenue and expenses shift in Q4 2024 compared to previous quarters?

**Legacy Housing Corporation (LEGH) experienced a notable increase in revenue and interest income in Q4 2024, while expenses showed a decrease.** Here's a detailed analysis:

1. **Revenue Growth**:
- The total revenue for Q4 2024 was $54.19 million.
- This represents a significant growth of 0.28% from the previous quarter's revenue of $33.71 million.
- When compared to the same quarter in the previous year, there was a substantial rise, indicating a strong performance in terms of sales and market demand.

|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|LEGH|LEGH.O|Legacy Housing|2023 Q4|-55.37583883734166|3.3714E7|185|
|LEGH|LEGH.O|Legacy Housing|2024 Q1|-18.18869780729137|4.3243E7|185|
|LEGH|LEGH.O|Legacy Housing|2024 Q2|-19.26628163234288|4.2495E7|185|
|LEGH|LEGH.O|Legacy Housing|2024 Q3|-11.356308949276087|4.4266E7|185|

2. **Interest Income Increase**:
- Legacy Housing Corp reported a rise in interest income, which increased by $1.5 million or 17.3% during Q3 2024 compared to Q3 2023.
- This growth in interest income reflects effective financial management and capitalization on market opportunities.
3. **Expense Decrease**:
- There was a decrease in product sales by $6.8 million or 18% during Q3 2024 compared to Q3 2023.
- Other revenue also decreased by $0.4 million or 8.7% in Q3 2024 versus Q3 2023.
- Cost of product sales decreased by $3.5 million or 13.9% in Q3 2024 compared to Q3 2023.
- These decreases suggest a more efficient cost structure and strategic adjustments in operations.
4. **Profitability Enhancement**:
- Despite the decrease in product sales, the company's gross profit margin remained at 29.2% for Q3 2024, indicating good profitability on the products sold.
- Net income for Q3 2024 was $15.8 million, representing a decrease of 1.8% from the same quarter last year.
- The diluted earnings per share for Q3 2024 was $0.64, which was consistent with the previous year.
5. **Strategic Insights**:
- Legacy Housing has been navigating sales declines by focusing on interest income and retail finance applications, which have shown promising growth.
- The company's strategic initiatives, such as hosting a successful fall show and increasing production, are contributing to a strengthening market position.

In conclusion, Legacy Housing Corporation demonstrated robust growth in revenue and interest income in Q4 2024, alongside a reduction in certain expenses, which has positively impacted profitability. These shifts reflect strategic adjustments and operational efficiencies that have enabled the company to perform well in a challenging market environment.