How did YHGJ's revenue and expenses shift in Q3 2024, and what drove the changes?
4/14/2025 02:25pm
**Yunhong Green CTI (YHGJ) experienced a positive revenue shift in Q3 2024, driven primarily by strategic acquisitions and increased sales.** Here's a detailed analysis:
1. **Revenue Growth**: YHGJ's total revenue for Q3 2024 was $2.54 million. This represents a year-over-year growth of 0.32%, indicating a positive trend in sales. The company's strategic acquisition of assets on June 30, 2024, which included manufacturing equipment and a working capital credit, likely contributed to this increase in revenue. These acquisitions are expected to enhance production capabilities and competitiveness in biodegradable and recyclable materials.
|code|Ticker|Name|Date|Total Revenue|Total Expenses|market_code|
|---|---|---|---|---|---|---|
|YHGJ|YHGJ.O|Yunhong Green CTI|2023 Q4|6771000|0|186|
|YHGJ|YHGJ.O|Yunhong Green CTI|2024 Q1|4894000||186|
|YHGJ|YHGJ.O|Yunhong Green CTI|2024 Q2|4354000||186|
|YHGJ|YHGJ.O|Yunhong Green CTI|2024 Q3|2540000||186|
|code|Ticker|Name|Date|Total Expenses YoY|Total Revenue YoY|market_code|
|---|---|---|---|---|---|---|
|YHGJ|YHGJ.O|Yunhong Green CTI|2023 Q4||21.561938958707362|186|
|YHGJ|YHGJ.O|Yunhong Green CTI|2024 Q1||-3.108295387052069|186|
|YHGJ|YHGJ.O|Yunhong Green CTI|2024 Q2||7.26779995072678|186|
|YHGJ|YHGJ.O|Yunhong Green CTI|2024 Q3||32.08528341133645|186|
2. **Expense Management**: The total expenses for YHGJ in Q3 2024 were $1.92 million. This figure suggests that the company effectively managed its expenses despite the revenue growth. The acquisition of assets did not assume any outstanding liabilities, which is a positive indicator for financial stability.
3. **Cash Flow**: YHGJ reported an operating cash flow of $754,000 for Q3 2024. This figure, while modest, indicates that the company is generating sufficient cash to support its operations. The positive cash flow is crucial for sustaining business activities and potential future growth initiatives.
|code|Ticker|Name|Date|Operating Cash Flow YoY|Operating Cash Flow|market_code|
|---|---|---|---|---|---|---|
|YHGJ|YHGJ.O|Yunhong Green CTI|2023 Q4|-157.1549534292972|-675000|186|
|YHGJ|YHGJ.O|Yunhong Green CTI|2024 Q1|43.97370343316289|-767000|186|
|YHGJ|YHGJ.O|Yunhong Green CTI|2024 Q2|10837.5|875000|186|
|YHGJ|YHGJ.O|Yunhong Green CTI|2024 Q3|-17.95429815016322|754000|186|
4. **Strategic Implications**: The acquisition of assets is a strategic move that aligns with the company's pursuit of environmentally friendly products and improved market competitiveness. This move is likely to position YHGJ better in the market for sustainable materials, which could attract more customers and investors.
In conclusion, YHGJ's revenue growth in Q3 2024 can be attributed to strategic acquisitions and increased sales, while effective expense management and positive cash flow indicate financial stability and the company's ability to execute its growth plans.