How did OFLX's revenue and expenses trend in Q4 2024?
5/7/2025 07:17pm
**Omega Flex, Inc. (OFLX) experienced a decline in revenue and a notable absence of expense data in Q4 2024, as per the available financial reports and news articles.**
1. **Revenue Trend**:
- OFLX's total revenue for Q4 2024 was $26.97 million.
- This figure represents a decrease from the previous quarter's revenue, indicating a downward trend in sales for this period.
|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|OFLX|OFLX.O|Omega Flex|2024 Q1|-15.910227765364994|2.5216E7|185|
|OFLX|OFLX.O|Omega Flex|2024 Q2|-4.702922392103735|2.462E7|185|
|OFLX|OFLX.O|Omega Flex|2024 Q3|-9.514111143439045|2.488E7|185|
|OFLX|OFLX.O|Omega Flex|2024 Q4|-4.1993818168898995|2.6965E7|185|
2. **Expense Trend**:
- No results were found for the company's expenses in Q4 2024.
- The absence of expense data makes it difficult to analyze the company's financial performance in this quarter, including the impact of any cost-saving measures or operational changes.
3. **Dividend Announcement**:
- Despite the decline in revenue, Omega Flex announced a regular quarterly dividend of $0.34 per share payable on January 7, 2025, to shareholders of record on December 19, 2024.
- This dividend reflects the company's commitment to returning value to shareholders, even amidst a revenue downturn.
In conclusion, Omega Flex faced a challenging quarter in terms of revenue, with a notable decline compared to previous periods. The lack of expense data prevents a comprehensive analysis of the company's financial health during this time. However, the dividend announcement suggests that the company is managing its finances carefully despite the revenue contraction.