The chart below shows how SRTS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SRTS sees a -2.65% change in stock price 10 days leading up to the earnings, and a -0.84% change 10 days following the report. On the earnings day itself, the stock moves by +0.89%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Q4 Revenue Surge: Revenue for Q4 2024 reached $13.1 million, a 71% increase compared to $7.7 million in Q4 2023, driven by higher unit sales of SRT-100 systems.
SRT-100 System Shipments Growth: A record of 39 SRT-100 systems were shipped in Q4 2024, marking an 18% increase from the previous quarter, and a total of 115 systems shipped for the full year, a 74% increase year-over-year.
Quarterly Profitability Achievement: Net income for Q4 2024 was $1.4 million, achieving the fifth consecutive quarter of profitability, with a full-year net income of $6.6 million, compared to $0.5 million in 2023.
Strong Capital Position: The company ended 2024 with $22.1 million in cash and cash equivalents and no debt, reflecting a strong capital position to support ongoing R&D and growth initiatives.
EBITDA Improvement Analysis: Adjusted EBITDA for 2024 was $8.7 million, a significant improvement from $0.3 million in 2023, indicating strong operational performance and profitability.
Negative
Gross Profit Decline: Gross profit decreased to 7.1 million or 54.4% of revenues, down from 7.8 million or 62.3% of revenues in the prior year quarter, primarily due to a one-time discount to a new large group customer and higher service costs.
Rising Operational Costs: General and administrative expenses increased to 2.4 million compared with 0.9 million last year, mainly due to higher compensation and professional fees, indicating rising operational costs.
Net Income Decline: Net income for Q4 2024 was 1.5 million or $0.09 per diluted share, compared with 4.2 million or $0.26 per diluted share a year ago, reflecting a significant decline in profitability.
EBITDA Decline Analysis: Adjusted EBITDA was 1.9 million compared with 5.7 million in the fourth quarter of 2023, highlighting a substantial drop in operational efficiency and profitability.
Sales Decline Forecast: Sales for the first quarter of 2025 are expected to be considerably lower than the first quarter of 2024, indicating potential challenges in maintaining revenue momentum.
Sensus Healthcare, Inc. (NASDAQ:SRTS) Q4 2024 Earnings Call Transcript
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