How did Shimmick's revenue and expenses trend in Q4 2024?
5/9/2025 05:25pm
Shimmick's revenue and expenses in Q4 2024 are not currently available. However, based on the available data, Shimmick's revenue trend in Q4 2024 was negative, while the expenses were higher compared to the previous quarter.
1. **Revenue Trend**: Shimmick's revenue in Q4 2024 decreased by 25% to $103.55 million compared to the same quarter in the previous year. This decline in revenue was also reflected in the quarterly adjusted earnings, which reported a loss of 91 cents per share.
2. **Expense Trend**: The company's expenses were higher in Q4 2024, with a reported quarterly loss of $38.46 million. This was a significant increase from the previous quarter's losses, indicating that the expenses were not well-contained.
3. **Comparative Analysis**: When compared to the previous quarter, Shimmick's revenue and earnings per share (EPS) both declined in Q4 2024. The EPS decreased from a loss of 59 cents in Q4 2023 to a loss of 91 cents in Q4 2024. This indicates a worsening financial performance over the period.
4. **Market Expectations**: Analysts had expected a loss of 35 cents per share for the quarter, which was less than the actual loss of 91 cents. This suggests that the company's performance was worse than anticipated by the market.
5. **Overall Financial Health**: The company's shares had fallen by 34.4% during the quarter, reflecting investor sentiment that was likely influenced by the negative earnings report and the decline in revenue.
In conclusion, Shimmick experienced a significant decline in revenue and a substantial increase in expenses in Q4 2024, leading to a wider net loss compared to the previous quarter. This trend indicates challenges for the company in managing its financial performance during this period.