How did SWIM's revenue and expenses shift in Q4 2024?

Latham Group's (SWIM) revenue and expenses in Q4 2024 showed a significant decline in net income along with a notable operating expense, resulting in a negative gross profit margin. Here's a detailed analysis:

1. **Revenue by Business**: The revenue by business for SWIM in Q4 2024 was $87.27 million, with the majority coming from the Pool Liners business.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|SWIM|SWIM.O|Latham Group|20240101-2024|Pool Liners|1.17971E8|185|
|SWIM|SWIM.O|Latham Group|20240101-2024|Pool Liners|1.05546E8|185|
|SWIM|SWIM.O|Latham Group|20240101-2024|Pool Liners|7.7589E7|185|
|SWIM|SWIM.O|Latham Group|20240101-2024|Pool Liners|2.3929E7|185|
|SWIM|SWIM.O|Latham Group|20240101-2024|Pool Covers|2.6868E7|185|
|SWIM|SWIM.O|Latham Group|20240101-2024|Pool Liners|2.3929E7|185|
|SWIM|SWIM.O|Latham Group|20240101-2024|In-Ground Swimming Pools|5.9832E7|185|

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|SWIM|SWIM.O|Latham Group|2024 Q1|45.26726057906459|-7864000|185|
|SWIM|SWIM.O|Latham Group|2024 Q2|132.35345581802272|1.3279E7|185|
|SWIM|SWIM.O|Latham Group|2024 Q3|-4.176824313343085|5896000|185|
|SWIM|SWIM.O|Latham Group|2024 Q4|-26144.642857142855|-2.917E7|185|

|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|SWIM|SWIM.O|Latham Group|2024 Q1|-19.67048845838265|1.10629E8|185|
|SWIM|SWIM.O|Latham Group|2024 Q2|-9.600966532676933|1.60122E8|185|
|SWIM|SWIM.O|Latham Group|2024 Q3|-6.395153565786364|1.50496E8|185|
|SWIM|SWIM.O|Latham Group|2024 Q4|-3.9552312720789726|8.7273E7|185|

|code|Ticker|Name|Date|Gross Profit Margin|Gross Profit Margin YoY|market_code|
|---|---|---|---|---|---|---|
|SWIM|SWIM.O|Latham Group|2024 Q1|27.6501|14.112791729431912|185|
|SWIM|SWIM.O|Latham Group|2024 Q2|30.8811|16.29766320823997|185|
|SWIM|SWIM.O|Latham Group|2024 Q3|31.4065|13.380866425992789|185|
|SWIM|SWIM.O|Latham Group|2024 Q4|30.2336|11.982932321915369|185|

2. **Net Income**: The net income for the period was -$29.17 million, indicating a substantial loss for the company in Q4 2024.
3. **Operating Expenses**: The operating expenses for SWIM in Q4 2024 were not provided, but the negative net income suggests that these expenses were significant enough to overshadow the revenue, leading to a gross loss.
4. **Gross Margin**: The gross profit margin was negative at -29.23%, which is a clear indication that the company's costs exceeded its revenues during the quarter, resulting in a loss.

In conclusion, SWIM's Q4 2024 financials reflect a challenging period for the company, with revenues being insufficient to cover the operating expenses, leading to a significant net loss and a negative gross margin.