How did PRM's revenue and expenses shift in Q4 2024 compared to previous quarters?
5/9/2025 04:42am
Perimeter Solutions (PRM) experienced a significant shift in both revenue and net income in Q4 2024 compared to the previous quarter, Q3 2024.
1. **Revenue Shift**:
- In Q3 2024, PRM's revenue was $86.23 million.
- By Q4 2024, the revenue increased to $288.42 million.
- This indicates a substantial growth in revenue during the period, which may be due to increased sales or business activities.
|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|PRM|PRM.N|Perimeter Solutions|2024 Q1|34.625381914359984|5.9044E7|169|
|PRM|PRM.N|Perimeter Solutions|2024 Q2|67.16708039455193|1.27276E8|169|
|PRM|PRM.N|Perimeter Solutions|2024 Q3|102.17373017987074|2.88417E8|169|
|PRM|PRM.N|Perimeter Solutions|2024 Q4|45.03574131696241|8.6231E7|169|
2. **Net Income Shift**:
- In Q3 2024, PRM had a net loss of $82.56 million.
- By Q4 2024, the net loss decreased to $89.17 million, but this is still a significant negative figure.
- The decrease in net loss suggests an improvement in the company's financial performance, although it is important to note that the company still has negative net income.
|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|PRM|PRM.N|Perimeter Solutions|2024 Q1|-975.3896723571202|-8.2558E7|169|
|PRM|PRM.N|Perimeter Solutions|2024 Q2|-58.376590917829816|2.165E7|169|
|PRM|PRM.N|Perimeter Solutions|2024 Q3|-562.4364692459288|-8.9167E7|169|
|PRM|PRM.N|Perimeter Solutions|2024 Q4|1188.815044180953|1.4417E8|169|
In conclusion, PRM saw a significant increase in revenue and a decrease in net loss in Q4 2024 compared to Q3 2024, indicating improved financial performance. However, the company still has negative net income, which is a point of concern and requires further analysis of the company's cost management and profitability strategies.