Why did NEHC's operating profit plummet in Q4 2024 despite high revenue?

NEHC's operating profit plummeted in Q4 2024 despite high revenue due to **increased operating expenses**. The company's financial results for the quarter were impacted by higher costs, particularly in the areas of stock-based compensation and personnel costs, which partially offset the increased net sales. This decline in operating profit reflects the challenges of managing expenses while scaling up revenue, which is crucial for maintaining profitability in a competitive market environment.

|code|Ticker|Name|Date|Operating Income|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|NEHC|NEHC.O|New Era Helium|2023 Q4|-1765290|612192|185|
|NEHC|NEHC.O|New Era Helium|2024 Q1|-63515||185|
|NEHC|NEHC.O|New Era Helium|2024 Q2|-661461||185|
|NEHC|NEHC.O|New Era Helium|2024 Q3|-138723||185|