The chart below shows how MLEC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MLEC sees a +4.33% change in stock price 10 days leading up to the earnings, and a -4.81% change 10 days following the report. On the earnings day itself, the stock moves by -3.09%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Quarterly Business Highlights: Moolect announced its fourth quarter and full fiscal year 2024 business highlights.
Revenue Increase Year-Over-Year: Normalized revenues increased by $4.8 million year-over-year from approximately $1 million in 2023 to $5.8 million in 2024.
Significant Revenue Growth: Moolect's Chief Financial Officer walked through the financial overview, highlighting significant revenue growth.
Product Development Success: The company achieved significant results in the continued development of Piggy Sooy product.
Exceptional Team Execution: Moolect's team has shown exceptional execution, leading to a successful year in scientific developments and business operations.
Negative
Revenue Increase Analysis: Normalized revenues and other income increased by $4.8 million year-over-year from approximately $1 million in 2023 to $5.8 million in 2024, primarily due to the consolidation of the soy product ingredient business.
Cost of Sales Increase: Normalized cost of sales increased from close to $1 million in 2023 to $4.5 million in 2024, aligning with revenue growth and resulting in an annual gross margin of around indiscernible.
Expense Increase Analysis: SG&A and R&D expenses increased by $3.1 million, from $6.2 million in 2023 to $9.3 million in 2024, mainly related to non-cash items such as depreciation, amortization, and equity incentives.
Increased Operating Costs: Cash utilized in operating activities increased by $1.8 million, from $7.5 million in 2023 to $9.3 million in 2024, indicating higher operational costs.
Cash Position and Soybean Purchase: The cash position of approximately $5.4 million as of Q4 2024 has been complemented with the purchase of 15,000 tons of HB4 soybeans, which has strategic value for the company.
Moolec Science (MLEC) Q4 2024 Earnings Call Transcript
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