Mesa Labs Q3 2024 Earnings Report
Key Takeaways
Mesa Labs reported a 1.5% decrease in revenue compared to the third quarter of fiscal year 2023, primarily due to a 9.0% core organic revenue decline, which was partially offset by revenue from the GKE acquisition. Non-GAAP adjusted operating income decreased by 6.8% year-over-year but increased sequentially, driven by the GKE acquisition. Gross profit percentage increased due to the GKE acquisition and improvements in the Calibration Solutions division.
Revenues decreased by 1.5% compared to Q3 2023, primarily due to a 9.0% core organic revenue decline.
The GKE acquisition contributed $3,837 to revenues and helped offset the organic revenue decline.
Non-GAAP adjusted operating income decreased by 6.8% year-over-year but increased sequentially, driven by the GKE acquisition.
Gross profit percentage increased due to the GKE acquisition and improvements in the Calibration Solutions division.
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Mesa Labs Revenue by Segment
Forward Guidance
With ongoing economic uncertainty, Mesa Labs will be conservative in deploying any increases in operating expenses.
Revenue & Expenses
Visualization of income flow from segment revenue to net income