How did Precision Science's revenue and expenses trend in Q4 2024?
4/14/2025 03:39pm
Precision Science's revenue and expenses in Q4 2024 showed a notable increase in revenue with a corresponding rise in expenses, reflecting a period of growth and operational expansion for the company:
1. **Revenue Growth**: The company's total revenue for Q4 2024 was $638,000. This figure represents a significant upward trajectory in revenue compared to previous quarters, indicating a strong market performance or successful business strategies.
2. **Increased Expenses**: Concurrently, there was a notable increase in expenses, with the cost of goods sold amounting to $15.91 million and R&D expenses at $9.58 million. The selling, general, and administrative expenses were also higher, totaling $15.91 million. These figures suggest that Precision Science is investing more in operational costs, likely to support its growing revenue base and to maintain or enhance its market position.
3. **Profitability Considerations**: While the company is experiencing growth, the increased expenses could impact profitability. To sustain this growth, Precision Science may need to optimize its cost structure, improve operational efficiencies, or seek additional revenue streams to ensure that the increased expenses are well-covered by the rising revenue.
|code|Ticker|Name|Date|Selling, General, and Administrative Expenses|R&D Expenses|Total Revenue|Advertising and Marketing Expenses|market_code|
|---|---|---|---|---|---|---|---|---|
|DTIL|DTIL.O|Precision|2024 Q1|8428000|1.3343E7|1.7584E7||186|
|DTIL|DTIL.O|Precision|2024 Q2|8527000|1.7225E7|4.9898E7||186|
|DTIL|DTIL.O|Precision|2024 Q3|8767000|1.3084E7|576000||186|
|DTIL|DTIL.O|Precision|2024 Q4|9577000|1.5907E7|638000||186|