How did TAIT's revenue and expenses trend in Q4 2024 compared to previous quarters?
4/14/2025 02:45pm
Taitron Components (TAIT) experienced a seasonal decline in revenue and a significant increase in net expenses in Q4 2024 compared to previous quarters:
1. **Revenue Trend**: The revenue for Q4 2024 was $1.22 million, which is a slight increase from the $1.19 million in Q3 2024. However, it is important to note that the revenue in Q2 2024 was $963,000, and in Q1 2024, it was $767,000. This indicates a seasonal pattern with higher revenues in the third quarter and a peak in the fourth quarter.
|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|TAIT|TAIT.O|Taitron Components|2023 Q4|-45.59236384053902|969000|186|
|TAIT|TAIT.O|Taitron Components|2024 Q1|-53.83509108341323|963000|186|
|TAIT|TAIT.O|Taitron Components|2024 Q2|-17.85234899328859|1224000|186|
|TAIT|TAIT.O|Taitron Components|2024 Q3|-24.056301983365323|1187000|186|
2. **Expense Trend**: The net income for Q4 2024 was -$301,000, which is a significant decrease from the $245,000 in Q3 2024 and the $406,000 in Q2 2024. This suggests that the expenses were much higher in Q4 2024 than in the previous two quarters, leading to a negative net income.
|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|TAIT|TAIT.O|Taitron Components|2023 Q4|104.34782608695652|141000|186|
|TAIT|TAIT.O|Taitron Components|2024 Q1|-27.559055118110237|552000|186|
|TAIT|TAIT.O|Taitron Components|2024 Q2|-23.540489642184557|406000|186|
|TAIT|TAIT.O|Taitron Components|2024 Q3|-40.38929440389295|245000|186|
In conclusion, Taitron Components saw a seasonal increase in revenue in Q4 2024 but faced higher expenses, resulting in a negative net income for the quarter.