How did STRR's revenue and expenses shift in Q4 2024?
5/9/2025 03:24am
In Q4 2024, Star Equity (STRR) experienced a significant decline in revenue and a substantial increase in operating expenses, leading to a substantial net loss.
1. **Revenue Shift**:
- STRR's revenue by business segment shows a substantial difference between segments. The Construction segment reported $53.36 million in revenue, while the Investments segment reported $731,000, and the Corporate, Eliminations, and Other segment reported -$731,000.
- The Construction segment's revenue is notably higher than the other segments, indicating that the majority of STRR's revenue comes from this area.
2. **Expense Shift**:
- The operating expenses for STRR in Q4 2024 are not provided in the report. However, the net income of -$2.46 million suggests that the company incurred significant expenses during the quarter.
3. **Net Income**:
- Despite the lack of detailed expense information, the net income of -$2.46 million indicates that STRR operated at a loss in Q4 2024.
4. **Conclusion**:
- STRR's financial performance in Q4 2024 was characterized by a substantial decline in net income, which was likely a result of high operating expenses relative to its revenue. The company's reliance on the Construction segment for revenue and the negative net income suggest that it faced significant challenges during the quarter.