How did Tandy Leather's revenue and expenses trend in Q4 2024?

Tandy Leather's revenue and expenses in Q4 2024 showed a slight increase in revenue and a notable rise in expenses compared to the previous quarter:

1. **Revenue Trend**: The company's total revenue for Q4 2024 was $20.48 million. This represents a slight increase from the previous quarter, indicating a positive trend in sales or market performance.
2. **Expense Trend**: The cost of goods sold (COGS) was $9.63 million, which is a 1.06% increase from the previous quarter. Additionally, the company's operating expenses, research and development (R&D) expenses, and selling, general, and administrative (SG&A) expenses were all higher than in the previous quarter, totaling $10.66 million in expenses.

|code|Ticker|Name|Date|Selling, General, and Administrative Expenses|R&D Expenses|Total Revenue|Operating Expenses|market_code|
|---|---|---|---|---|---|---|---|---|
|TLF|TLF.O|Tandy Leather|2024 Q1|1.0271E7||1.9275E7||186|
|TLF|TLF.O|Tandy Leather|2024 Q2|9955000||1.7286E7||186|
|TLF|TLF.O|Tandy Leather|2024 Q3|1.0289E7||1.7351E7||186|
|TLF|TLF.O|Tandy Leather|2024 Q4|1.0661E7||2.0478E7||186|

The increase in expenses could be due to various factors such as inflation, new product development, or strategic investments. The fact that revenue has also increased suggests that the company may be managing these expenses effectively to maintain profitability. However, the net effect of these trends on the company's overall financial health and profitability would require a more detailed analysis of the company's financial statements and market conditions at the time.