Reports

Broadcom Inc. posted record Q1 2025 revenue of $14.92 billion, up 25% year-over-year. AI semiconductor revenue surged 77% to $4.1 billion, while infrastructure software revenue grew 47% to $6.7 billion. GAAP net income reached $5.50 billion, and non-GAAP net income totaled $7.82 billion. Adjusted EBITDA was $10.08 billion, or 68% of revenue. Free cash flow stood at $6.01 billion, representing 40% of revenue. The company issued a quarterly dividend of $0.59 per share and provided a strong outlook for Q2 2025.

• Revenue increased 25% year-over-year to $14.92 billion.
• AI semiconductor revenue grew 77% to $4.1 billion.

Costco Wholesale Corporation reported Q2 2025 revenue of $63.72 billion, an increase of 9.1% year-over-year. Net income for the quarter reached $1.79 billion, with diluted EPS of $4.02. Comparable sales growth, excluding foreign exchange and gasoline impacts, was 8.6% in the U.S., 10.5% in Canada, and 10.3% in other international markets. E-commerce sales grew significantly by 22.2%. Membership fees generated $1.19 billion, up from $1.11 billion last year.

• Total revenue increased 9.1% year-over-year to $63.72 billion.
• Comparable sales growth ex-FX and gas was 9.1% for the company overall.

Canadian Natural Resources Limited achieved record total production of 1,470,428 BOE/d in Q4 2024, supported by strong liquids and natural gas production. The company generated net earnings of $1.1 billion and adjusted net earnings from operations of $2.0 billion. Operating income surged, benefiting from efficient cost management and higher production. Cash flows from operating activities reached $3.4 billion, reinforcing the company's financial strength.

• Record total production of 1,470,428 BOE/d, an increase of 4% year-over-year.
• Net earnings reached $1.1 billion, while adjusted net earnings totaled $2.0 billion.

JD.com delivered a solid performance in Q4 2024, with revenue reaching $47.5 billion, a 13.4% increase year-over-year. Operating income surged to $1.2 billion, reflecting improved profitability. Net income for the quarter grew by 190.8% to $1.4 billion, driven by operational efficiencies and strong market demand. The company also reported an increase in non-GAAP EPS, reflecting robust financial health.

• Net revenues increased by 13.4% year-over-year to $47.5 billion.
• Operating income rose significantly to $1.2 billion, up 319.3% from Q4 2023.

Kroger's Q4 2024 revenue totaled $34.3 billion, down from $37.1 billion in the previous year, impacted by the absence of the 53rd week and the sale of Kroger Specialty Pharmacy. Identical sales without fuel increased by 2.4%. Operating profit stood at $912 million, while diluted EPS came in at $0.90. Adjusted EPS was $1.14, matching last year's figure after adjusting for the 53rd week. The company also improved its gross margin to 22.7%.

• Revenue declined to $34.3 billion, reflecting the absence of the 53rd week and sale of Kroger Specialty Pharmacy.
• Identical sales excluding fuel increased by 2.4%.

Hewlett Packard Enterprise (HPE) reported Q1 2025 revenue of $7.9 billion, up 16% year-over-year. The company saw a significant increase in its annualized revenue run-rate (ARR) to $2.1 billion, up 45%. GAAP diluted EPS rose 52% to $0.44, while non-GAAP EPS increased to $0.49. However, free cash flow declined to -$877 million. The Server and Hybrid Cloud segments performed well, while Intelligent Edge revenue declined slightly. HPE reaffirmed its fiscal 2025 outlook, expecting continued revenue growth.

• Revenue increased 16% year-over-year to $7.9 billion.
• GAAP EPS rose 52% to $0.44, while non-GAAP EPS increased to $0.49.

CooperCompanies reported Q1 2025 revenue of $964.7 million, a 4% increase year-over-year. The company saw growth across its divisions, with CooperVision revenue up 4% to $646.1 million and CooperSurgical revenue up 3% to $318.6 million. GAAP net income reached $104.3 million, translating to diluted EPS of $0.52, while non-GAAP EPS came in at $0.92. Operating income was $182.0 million, with a 19% operating margin. Free cash flow stood at $101.2 million, driven by strong operational performance.

• Total revenue increased 4% year-over-year to $964.7 million.
• CooperVision revenue grew 4%, while CooperSurgical revenue rose 3%.

Burlington Stores reported Q4 2024 revenue of $3.27 billion, a 10% increase on a 13-week basis. Comparable store sales grew 6%, exceeding guidance. Net income rose to $261 million, with diluted EPS of $4.02, while Adjusted EPS was $4.13, a 12% increase. Gross margin improved to 42.9% due to higher merchandise margin and lower freight costs. The company ended the quarter with $994 million in cash and repurchased 218,443 shares for $61 million.

• Total sales increased 10% on a 13-week basis to $3.27 billion.
• Comparable store sales rose 6%, exceeding guidance of 0% to 2%.

Guidewire's total revenue for Q2 2025 reached $289.5 million, up 20% year-over-year. Subscription and support revenue grew 35% to $177.8 million, while license revenue declined 10% to $63.7 million. Services revenue increased 26% to $47.9 million. ARR reached $918.1 million. GAAP income from operations was $11.7 million, compared to a GAAP operating loss of $12.4 million in Q2 2024. Net loss was $37.3 million, translating to a GAAP EPS of -$0.45, while non-GAAP net income was $43.9 million, with non-GAAP EPS of $0.51.

• Total revenue increased 20% year-over-year to $289.5 million.
• Subscription and support revenue surged 35%, reaching $177.8 million.

Torm PLC posted Q4 2024 revenue of $214.7 million, down from $266.4 million in the previous year due to market volatility and changing demand patterns. Net income fell to $77.4 million from $184.6 million in Q4 2023. EBITDA decreased to $142.2 million from $234.3 million in the prior year, reflecting lower tanker rates. The company declared a dividend of $0.60 per share for the quarter, representing a 75% payout ratio.

• Revenue declined to $214.7 million from $266.4 million due to weaker tanker market conditions.
• Net income fell to $77.4 million, a sharp decrease from $184.6 million in Q4 2023.

BJ's Wholesale Club reported Q4 2024 revenue of $5.28 billion, a 1.5% decline year-over-year due to the impact of a 53rd week in the prior year. On a comparable 13-week basis, total sales grew 4.0%, and comparable club sales excluding gasoline rose 4.6%. Membership fee income increased by 7.9% to $117.0 million, reflecting strong membership acquisition and retention. Adjusted EPS was $0.93, down from $1.11 last year due to lower gross margins and increased SG&A expenses.

• Comparable club sales increased 4.0% year-over-year.
• Membership fee income rose 7.9% to $117.0 million, reflecting strong membership growth.

Gap Inc. reported Q4 2024 net sales of $4.1 billion, down 3% year-over-year, largely due to the loss of an extra week in fiscal 2023. Comparable sales increased by 3%, and the company maintained a gross margin of 38.9%. Net income stood at $206 million, with diluted EPS of $0.54. Operating income reached $259 million, with an operating margin of 6.2%. Online sales represented 41% of total sales.

• Q4 2024 net sales decreased by 3% to $4.1 billion, impacted by a calendar shift.
• Comparable sales grew by 3%, showing continued consumer demand.

Toro reported Q1 2025 revenue of $995.0 million, a 1% decline from the prior year. Net income decreased 19% to $52.8 million, with reported EPS of $0.52. However, adjusted EPS increased to $0.65, driven by operational efficiencies and cost savings. The professional segment grew 1.6% year-over-year, while residential sales declined 8% due to lower shipments of snow products and power equipment.

• Revenue decreased 1% to $995.0 million due to lower residential sales.
• Net income declined 19% to $52.8 million, primarily due to higher costs.

Stevanato Group reported Q4 2024 revenue of €330.6 million, a 3% increase year-over-year. The Biopharmaceutical and Diagnostic Solutions segment grew 7%, offsetting a 16% decline in the Engineering segment. Gross profit margin declined to 29.7%, impacted by vial destocking, while operating profit margin improved to 20.2%. Adjusted EPS was €0.19, reflecting cost management initiatives and strong performance in high-value solutions.

• Q4 revenue grew 3% year-over-year to €330.6 million.
• Biopharmaceutical and Diagnostic Solutions segment increased 7%, offsetting a 16% decline in Engineering.

Macy’s reported Q4 2024 revenue of $7.77 billion, down 4.3% year-over-year. Comparable sales declined 1.1% on an owned basis but increased 0.2% when including licensed and marketplace sales. Net income was $342 million, with EPS of $1.21 and adjusted EPS of $1.80, exceeding guidance. Despite a lower gross margin of 35.7%, SG&A expenses were managed effectively, resulting in an operating income of $500 million.

• Q4 revenue declined 4.3% year-over-year to $7.77 billion.
• Comparable sales increased 0.2% on an owned-plus-licensed-plus-marketplace basis.

GMS reported Q3 FY25 revenue of $1.3 billion, up 0.2% YoY, but faced a net loss of $21.4 million due to a $42.5 million goodwill impairment. Adjusted net income declined to $36.2 million, while Adjusted EBITDA fell by 27.3% to $93.0 million. The company faced soft end-market demand and steel pricing challenges, though Wallboard and Ceilings showed pricing resilience.

• Net sales increased slightly by 0.2% YoY to $1.3 billion.
• Reported a net loss of $21.4 million due to a $42.5 million goodwill impairment.

Marex Group plc delivered a strong Q4 2024 performance with revenue rising 28% year-over-year to $415.6 million, supported by increased client activity and market share gains. Net income more than doubled to $56.7 million, while operating income improved significantly. Adjusted profit before tax increased by 55% to $81.4 million, reflecting effective cost management and revenue growth. The company successfully expanded its platform through strategic acquisitions and increased its market presence across multiple business segments.

• Q4 2024 revenue grew 28% year-over-year to $415.6 million.
• Net income more than doubled to $56.7 million from $28.1 million in Q4 2023.

Wiley reported Q3 2025 revenue of $405 million, down from $461 million in the prior year due to divested businesses. However, adjusted revenue increased by 1.2% at constant currency. Operating income rebounded to $52 million from a loss of $46 million in Q3 2024. Adjusted EPS rose 39% to $0.84, driven by higher adjusted operating income and a lower tax rate.

• Revenue declined to $405 million from $461 million due to divested businesses.
• Adjusted EPS rose 39% to $0.84, driven by strong profit improvement.

DXP Enterprises delivered strong financial performance in Q4 2024, with total sales increasing by 15.7% year-over-year to $470.9 million. Net income rose to $21.4 million, while diluted EPS improved to $1.29. Adjusted EBITDA grew 20.1% to $50.3 million. Free cash flow was $22.7 million, reflecting 46.4% of EBITDA.

• Revenue grew 15.7% to $470.9 million in Q4 2024.
• Net income increased to $21.4 million, up from $16.0 million in Q4 2023.

Distribution Solutions Group achieved revenue growth of 18.6% YoY in Q4 2024, reaching $480.5 million. Operating income improved to $20.1 million compared to a loss of $0.3 million in Q4 2023. Adjusted EBITDA grew 32.5% to $44.9 million. The company generated $45.7 million in operating cash flow, supporting continued investments and acquisitions.

• Q4 2024 revenue increased 18.6% YoY to $480.5 million.
• Operating income improved to $20.1 million from a loss of $0.3 million in Q4 2023.

MeridianLink's Q4 2024 revenue increased 7% year-over-year to $79.4 million, driven by demand for digital lending solutions. Lending software solutions revenue grew 7% to $63.8 million, while data verification software solutions revenue increased 4% to $15.6 million. The company reported a net loss of $7.7 million, while non-GAAP net income reached $5.9 million. Free cash flow stood at $12.1 million, reflecting solid cash generation.

• Q4 2024 revenue grew 7% year-over-year to $79.4 million.
• Lending software solutions revenue increased 7% to $63.8 million.

Cracker Barrel reported Q2 2025 revenue of $949.4 million, a 1.5% increase year-over-year. Comparable restaurant sales grew by 4.7%, driven by menu price increases, while retail sales remained flat. Net income declined 16.3% to $22.2 million, while adjusted EBITDA improved 19.6% to $74.6 million. The company raised its fiscal year guidance, expecting adjusted EBITDA between $210 million and $220 million.

• Revenue increased 1.5% to $949.4 million, with restaurant sales growing 4.7%.
• Net income declined 16.3% to $22.2 million due to higher expenses.

ProFrac reported Q4 2024 revenue of $455 million, down from $575 million in the prior quarter. The company posted a net loss of $102 million, reflecting adverse market conditions and lower activity levels. Adjusted EBITDA fell to $71 million, down from $135 million in Q3. The Stimulation Services segment remained the largest revenue contributor at $384 million. ProFrac expects market conditions to improve in 2025 with increased fleet deployment and better operational efficiency.

• Revenue declined to $455 million from $575 million in Q3 due to pricing pressure and seasonal budget exhaustion.
• Net loss widened to $102 million from $44 million in Q3, reflecting weaker market conditions.

IDT's Q2 2025 revenue grew 2% year-over-year to $303.3 million, with gross profit increasing 16% to $112 million. Net income reached $20.3 million, a 41% increase, while GAAP EPS rose to $0.80. Non-GAAP EPS improved to $0.84. Key segments, including National Retail Solutions and BOSS Money, posted significant growth, while traditional communications continued to contribute positively. Adjusted EBITDA jumped 56% to $34 million.

• Q2 2025 revenue grew 2% year-over-year to $303.3 million.
• Net income increased 41% to $20.3 million, with GAAP EPS at $0.80.

Turning Point Brands delivered strong Q4 2024 results, with total revenue increasing by 12.8% year-over-year to $93.67 million. Zig-Zag product sales grew modestly, while Stoker’s segment saw significant gains, driven by increased volume and favorable pricing. Net income declined due to a one-time $7.3 million loss from discontinued operations, but adjusted net income rose by 12.7% to $18 million. Adjusted EBITDA increased by 5.3% to $26.2 million, reflecting continued operational efficiency and growth in key product lines.

• Q4 2024 revenue increased 12.8% year-over-year to $93.67 million.
• Net income declined 76.1% to $2.4 million due to discontinued operations losses.

BigBear.ai reported Q4 2024 revenue of $43.8 million, reflecting an 8% year-over-year increase. The company's gross margin improved to 37.4%, up from 32.1% in Q4 2023. However, the company posted a net loss of $108.0 million, driven largely by non-cash changes in derivative liabilities. Adjusted EBITDA came in at $2.0 million, a decrease from $3.7 million in Q4 2023, due to increased recurring SG&A expenses.

• Revenue increased 8% year-over-year to $43.8 million.
• Gross margin improved to 37.4%, compared to 32.1% in Q4 2023.

Funko's Q4 2024 revenue reached $293.7 million, growing 1% year-over-year. The company achieved a gross profit of $124.4 million, with a gross margin of 42.4%. Net loss improved significantly to $1.5 million, compared to a $10.8 million loss in Q4 2023. Adjusted net income was $4.4 million, or $0.08 per diluted share. Strength in core collectibles and European sales contributed to the results, while Loungefly and other product categories declined.

• Q4 2024 net sales grew 1% year-over-year to $293.7 million.
• Gross profit increased to $124.4 million, with a 42.4% gross margin.

Hippo reported a strong fourth quarter in 2024 with revenue up 58% year-over-year to $102 million and a positive net income of $44 million, a significant improvement from a net loss in the prior year. The company also saw continued improvement in its HHIP Gross Loss Ratio and improved operating leverage.

• Q4 Revenue increased by 58% year-over-year to $102 million.
• Net Income attributable to Hippo was positive $44 million, a substantial improvement from a $42 million net loss in Q4 of the previous year, partly due to a $46 million gain on sale of First Connect.

National CineMedia, Inc. reported total revenue of $86.3 million for Q4 2024, marking a 5.1% decline from the prior year. Operating income dropped to $20.0 million, while net income increased to $24.7 million. The company attributed the revenue decline to an unfavorable movie slate compared to the previous year's strong performance driven by Taylor Swift: The Eras Tour.

• Q4 2024 revenue declined by 5.1% to $86.3 million.
• Operating income fell to $20.0 million from $20.5 million in Q4 2023.

Willdan Group, Inc. reported contract revenue of $144.1 million for Q4 2024, marking a 7.5% decline from the prior year. Net income fell to $7.7 million, down 4.3%, while adjusted EBITDA increased slightly by 1.4% to $17.7 million. Adjusted diluted EPS also declined to $0.75 from $0.80 in Q4 2023. Cash flow from operations saw significant growth, increasing 121.6% to $33.5 million.

• Q4 2024 revenue declined by 7.5% to $144.1 million.
• Net income fell to $7.7 million, a 4.3% decrease from Q4 2023.

Xeris Biopharma reported a record Q4 2024 with total revenue of $60.10 million, reflecting a 35.4% year-over-year increase. Net loss improved significantly to $5.11 million from $13.39 million in Q4 2023. The company generated positive cash flow of $2 million and posted an Adjusted EBITDA of $8.3 million. Strong growth in Recorlev, which saw a 131% YoY increase in revenue, contributed significantly to the performance. The company ended the quarter with $71.62 million in cash, maintaining a strong financial position.

• Q4 2024 revenue reached $60.10 million, a 35.4% YoY increase.
• Net loss narrowed to $5.11 million from $13.39 million in Q4 2023.

Ranpak achieved 16% revenue growth YoY, reaching $105.0 million in Q4 2024. The company reduced its net loss to $8.0 million from $9.3 million a year ago. Adjusted EBITDA increased by 8% to $25.3 million, driven by strong e-commerce activity and increased adoption of paper-based protective packaging solutions.

• Q4 2024 revenue increased 16% YoY to $105.0 million.
• Net loss reduced to $8.0 million from $9.3 million in Q4 2023.

American Outdoor Brands, Inc. delivered a 9.5% year-over-year increase in net sales, reaching $58.5 million. Gross margin improved by 200 basis points to 44.7%. GAAP net income was $169,000, or $0.01 per share, while non-GAAP net income rose to $2.7 million, or $0.21 per share. The company also saw a significant 99.1% increase in Adjusted EBITDAS to $4.7 million. Strong performance across sales channels contributed to these results.

• Net sales increased by 9.5% year-over-year to $58.5 million.
• GAAP net income of $169,000, or $0.01 per share, compared to a net loss last year.

Myers Industries reported Q4 2024 revenue of $203.9 million, a 6.7% increase year-over-year. The Material Handling segment grew 20.3%, driven by the acquisition of Signature Systems, while the Distribution segment declined 20.2% due to lower volumes and pricing. Gross profit increased 15.1%, and gross margin expanded by 230 basis points to 32.3%. Adjusted EPS was $0.19, while net income declined due to higher SG&A expenses.

• Q4 revenue grew 6.7% to $203.9 million, led by Material Handling segment growth.
• Gross margin expanded by 230 basis points to 32.3%, driven by product mix and acquisitions.

Arcturus Therapeutics reported Q4 2024 revenue of $22.8 million, down from $30.9 million in Q4 2023, mainly due to lower milestone achievements from the CSL agreement. The company posted a net loss of $30.0 million compared to $11.7 million in the prior year quarter, with EPS decreasing to -$1.11 from -$0.44. Operating expenses increased to $56.2 million, driven by higher research and development costs.

• Revenue decreased by 26.3% year-over-year to $22.8 million.
• Net loss widened to $30.0 million from $11.7 million in Q4 2023.

America’s Car-Mart achieved an 8.7% revenue increase in Q3 FY25, reaching $325.7 million, driven by higher sales volumes. Net income rebounded to $3.16 million, a turnaround from the prior year's loss. The company improved its gross margin by 150 basis points to 35.7%, while diluted EPS came in at $0.37 compared to a loss of $1.34 in Q3 FY24. A $200 million term securitization transaction and an expanded $350 million asset-based lending facility bolstered its financial position.

• Revenue increased 8.7% to $325.7 million, driven by a 13.2% rise in sales volume.
• Gross margin improved by 150 basis points to 35.7%.

BlackSky reported Q4 2024 revenue of $30.37 million, a 14% decrease from the prior year, primarily due to a one-time benefit in Q4 2023. The company posted a net loss of $19.23 million, widening from $3.79 million in Q4 2023. Operating expenses increased slightly due to investments in satellite production. Despite these challenges, BlackSky secured multiple significant contracts, expanding its backlog to $390 million, and remains optimistic about future revenue growth.

• Q4 2024 revenue was $30.37 million, a 14% YoY decrease.
• Net loss widened to $19.23 million from $3.79 million in Q4 2023.

Potbelly Corporation posted Q4 2024 revenue of $116.6 million, a 7.3% decline from the prior year due to the impact of a 53rd week in 2023 and refranchising activities. Despite lower revenue, net income surged 69% to $4.6 million, and adjusted EBITDA grew by 30% to $9.7 million. Adjusted EPS increased to $0.13 from $0.02, reflecting operational efficiencies and improved profitability.

• Revenue declined 7.3% to $116.6 million due to refranchising and the prior year's 53rd week.
• Net income rose 69% to $4.6 million, driven by cost efficiencies.

AerSale Corporation posted Q4 2024 revenue of $94.7 million, a slight increase from $94.4 million in Q4 2023. Despite lower flight equipment sales, the company achieved higher-margin revenue in other areas, leading to a net income of $2.7 million compared to a net loss of $2.7 million in the prior-year quarter. Adjusted EBITDA more than doubled to $13.0 million, while adjusted EPS improved to $0.09.

• Revenue increased slightly to $94.7 million, despite lower flight equipment sales.
• Net income reached $2.7 million, reversing a $2.7 million loss in Q4 2023.

El Pollo Loco reported a slight increase in total revenue for Q4 2024, reaching $114.3 million. The company achieved higher net income and operating income compared to the previous year, supported by increased menu prices and improved operational efficiencies.

• Total revenue increased to $114.3 million from $112.2 million.
• Net income rose to $6.0 million, or $0.20 per diluted share.

Lexicon Pharmaceuticals reported a significant revenue increase in Q4 2024, primarily driven by a $25 million upfront payment from the Viatris INPEFA licensing agreement. Despite higher R&D expenses, net loss narrowed due to improved revenue generation.

• Total revenue increased to $26.6 million, up from $0.7 million in Q4 2023.
• Net loss improved to $33.8 million, compared to a loss of $49.8 million last year.

Traeger reported a revenue increase of 3.2% in Q4 2024, driven by strong grill and consumable sales. Despite ongoing macroeconomic challenges, the company improved gross margin and narrowed its net loss significantly compared to the prior year.

• Total revenue grew by 3.2% to $168.6 million.
• Net loss improved to $7.0 million, down from $24.0 million in Q4 2023.

Asure reported a strong Q4 2024 performance with revenue growth of 17% year-over-year, reaching $30.8 million. The company's focus on recurring revenue, which accounted for 96% of total revenue, contributed to a solid financial foundation. Despite a net loss of $3.2 million, adjusted EBITDA more than doubled compared to the prior year.

• Total revenue increased by 17% to $30.8 million.
• Net loss improved to $3.2 million from $3.6 million in Q4 2023.

Domo reported a Q4 2025 revenue of $78.8 million, with subscription revenue making up the majority of total revenue. The company's net loss narrowed compared to the previous year, and adjusted free cash flow turned positive. Domo also saw strong billings growth and an increase in its remaining performance obligations, demonstrating continued demand for its offerings.

• Total revenue was $78.8 million, driven by $71.9 million in subscription revenue.
• Net loss improved to $17.7 million, or $0.45 per share.

Immersion Corporation announced strong financial performance for the third quarter of fiscal 2025, with total revenues reaching $474.8 million, a substantial increase from $9.5 million in the prior quarter. GAAP net income attributable to Immersion stockholders was $15.5 million, or $0.47 per diluted share, and non-GAAP net income was $20.8 million, or $0.63 per diluted share.

• Total revenues for the quarter were $474.8 million, significantly up from $9.5 million in the three months ended September 30, 2023.
• GAAP Net income attributable to Immersion stockholders was $15.5 million ($0.47 per diluted share) for the quarter.

Atea Pharmaceuticals reported a net loss of $33.54 million for Q4 2024, with total operating expenses of $39.03 million. The company held $454.72 million in cash, cash equivalents, and marketable securities at the end of the quarter. Research and development expenses were $25.67 million, while general and administrative expenses reached $13.36 million.

• Atea Pharmaceuticals reported a net loss of $33.54 million in Q4 2024.
• Operating expenses totaled $39.03 million, including $25.67 million in R&D costs.

Hudson Technologies reported revenues of $34.6 million for Q4 2024, a 23% decline year-over-year. The company recorded a net loss of $2.6 million and an operating loss of $3.2 million due to lower refrigerant prices and weaker market demand. Gross margin declined to 17% compared to 31% in Q4 2023. Despite the downturn, the company maintained a strong balance sheet with $70.1 million in cash and no debt.

• Revenue declined 23% year-over-year to $34.6 million.
• Gross margin compressed to 17% from 31% in Q4 2023 due to lower refrigerant prices.

MindMed reported a Q4 2024 net loss of $34.74 million, widening from $23.86 million in Q4 2023, driven by higher R&D costs as the company advanced its MM120 ODT Phase 3 trials. Operating expenses increased to $32.46 million from $22.21 million in the prior year period. Cash and cash equivalents grew significantly to $273.74 million, extending the company’s cash runway into 2027. MindMed continues its focus on progressing clinical trials for its pipeline of innovative brain health treatments.

• Q4 2024 net loss increased to $34.74 million from $23.86 million in Q4 2023.
• Operating expenses rose to $32.46 million, driven by higher R&D costs.

Clarus reported Q4 2024 revenues of $71.4 million, down from $76.5 million in the prior year quarter. The company posted a net loss of $65.5 million, primarily driven by a $44.8 million goodwill impairment and a $21.0 million tax valuation allowance. Gross margin improved to 33.4% from 28.9% due to better product mix and lower inventory reserves at the Outdoor segment. Despite headwinds, Clarus generated $14.4 million in free cash flow and completed the acquisition of RockyMounts to expand its Adventure segment product offerings.

• Revenue declined 6.7% year-over-year to $71.4 million.
• Net loss widened to $65.5 million, driven by a $44.8 million goodwill impairment.

a.k.a. Brands posted Q4 2024 revenue of $159.0 million, reflecting a 6.8% year-over-year increase driven by a 21.6% rise in U.S. sales. Gross margin improved to 55.9% from 51.3% in Q4 2023, supported by higher full-price sales and a better inventory position. The company reported a net loss of $9.4 million, narrowing from a $13.9 million loss in the prior year. Adjusted EBITDA rose significantly to $6.2 million from $1.3 million, reflecting stronger operational efficiency.

• Revenue grew 6.8% year-over-year to $159.0 million, led by a 21.6% increase in U.S. sales.
• Gross margin expanded to 55.9%, driven by improved pricing and inventory management.

Silvercrest Asset Management reported Q4 2024 revenue of $32.0 million, a 12.0% increase year-over-year. The company achieved a net income of $2.7 million, reversing a net loss of $0.6 million in Q4 2023. Adjusted EBITDA more than doubled to $5.1 million, reflecting improved operational efficiency. Total assets under management (AUM) grew to $36.5 billion, driven by a significant $1.4 billion discretionary client inflow.

• Revenue increased by 12.0% year-over-year to $32.0 million.
• Net income improved to $2.7 million, reversing a loss of $0.6 million in Q4 2023.

Full House Resorts reported Q4 2024 revenue of $73.0 million, reflecting a 21.5% year-over-year increase driven by continued growth at American Place and the opening of Chamonix Casino Hotel. The company posted a net loss of $12.3 million due to higher depreciation and development costs. Adjusted EBITDA improved by 42.0% to $10.4 million, signaling stronger operational performance. The company continues to focus on ramping up its new casino operations and plans for the construction of its permanent American Place facility.

• Revenue increased 21.5% year-over-year to $73.0 million, driven by American Place and Chamonix Casino Hotel.
• Net loss of $12.3 million, impacted by higher depreciation and preopening costs.

Seanergy reported Q4 2024 revenue of $41.7 million, up 6% from the previous year. Net income declined to $6.6 million from $10.8 million, while adjusted EBITDA fell to $20.4 million. The company’s fleet TCE rate was $23,179, outperforming the Baltic Capesize Index by 27%. A quarterly dividend of $0.10 per share was declared.

• Revenue grew 6% to $41.7 million, driven by higher fleet utilization.
• Net income decreased to $6.6 million from $10.8 million in Q4 2023.

Sunrise Realty Trust reported Q4 2024 revenue of $3.62 million and net income of $1.85 million. Earnings per share stood at $0.27, while Distributable Earnings reached $2.05 million or $0.30 per share. The company committed $75 million in new deals during the quarter and declared a $0.30 per share dividend for Q1 2025.

• Net income reached $1.85 million, with EPS of $0.27.
• Distributable earnings came in at $2.05 million or $0.30 per share.

Modivcare's Q4 2024 revenue remained flat at $702.8 million. The company reported a net loss of $23.5 million, significantly higher than the $5.3 million loss in Q4 2023, primarily due to increased service expenses and interest costs. Adjusted EBITDA declined 20.0% year-over-year to $40.4 million, reflecting weaker gross margins. Despite these challenges, the company generated $30.0 million in operating cash flow and secured a $75.0 million incremental term loan to support liquidity.

• Revenue remained flat year-over-year at $702.8 million.
• Net loss widened to $23.5 million due to higher service costs and interest expenses.

Noodles & Company reported a 2.0% decrease in total revenue, reaching $121.8 million. The company saw a net loss of $9.7 million, widening from the prior year's $6.1 million loss. Operating margin declined to -6.0% from -3.7%. Comparable restaurant sales grew modestly by 0.8% system-wide.

• Total revenue declined by 2.0% year-over-year to $121.8 million.
• Net loss widened to $9.7 million compared to $6.1 million in Q4 2023.

GEN Restaurant Group, Inc. achieved a 21.2% year-over-year revenue increase to $54.7 million in Q4 2024. However, comparable restaurant sales declined by 4.8%. The company reported a net loss of $1.4 million, compared to a $0.2 million net loss in Q4 2023. Adjusted EBITDA grew 25% to $2.1 million.

• Total revenue increased by 21.2% to $54.7 million.
• Comparable restaurant sales declined by 4.8% year-over-year.

Fidus Investment Corporation reported total investment income of $37.5 million, reflecting a 3.2% increase year-over-year. Net investment income reached $18.6 million, or $0.55 per share, down from $0.58 per share in Q4 2023. Adjusted net investment income was $18.4 million, or $0.54 per share. The company invested $120.3 million in five new portfolio companies and received $122.8 million in repayments and realizations.

• Total investment income increased by 3.2% to $37.5 million.
• Net investment income reached $18.6 million, or $0.55 per share.