Despite achieving an 81.8% gross margin, the firm's 17.6% operating margin indicates that high SG&A costs are currently preventing the conversion of revenue into bottom-line profitability.
| Sales/Revenue | 0 | - | - |
| Revenue Growth % | - | - | - |
| Cost of Goods Sold | 0 | - | - |
| COGS % of Revenue | - | - | - |
| Gross Profit | 99.25K | 1.5M | 278.57K |
| Gross Margin % | - | 67.79% | 47.84% |
| Gross Profit Growth % | - | 438.77% | - |
| Operating Expenses | 77.94K | 724.88K | 1.51M |
| OpEx % of Revenue | - | 32.74% | 258.54% |
| Selling, General & Admin | 70.59K | 597.78K | 577.42K |
| SG&A % of Revenue | - | 27% | 99.17% |
| Research & Development | 0 | - | - |
| R&D % of Revenue | - | - | - |
| Other Operating Expenses | 0 | - | - |
| Operating Income | 21.31K | 775.95K | -1.23M |
| Operating Margin % | - | 35.05% | -210.69% |
| Operating Income Growth % | - | 163.25% | - |
| EBITDA | 29.85K | 819.02K | -1.12M |
| EBITDA Margin % | - | 37% | -191.97% |
| EBITDA Growth % | - | 173.27% | - |
| D&A (Non-Cash Add-back) | 8.54K | 43.07K | 109.01K |
| EBIT | 21.31K | 775.95K | -1.23M |
| Net Interest Income | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 |
| Other Income/Expense | 0 | - | - |
| Pretax Income | -12.71K | 778.38K | -1.24M |
| Pretax Margin % | - | 35.16% | -212.49% |
| Income Tax | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% |
| Net Income | -12.71K | 778.38K | -1.24M |
| Net Margin % | - | 35.16% | -212.49% |
| Net Income Growth % | - | 162.91% | - |
| Net Income (Continuing) | -12.71K | 778.38K | -1.24M |
| Discontinued Operations | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 |
| EPS (Diluted) | - | 0.07 | -0.07 |
| EPS Growth % | - | 202.44% | - |
| EPS (Basic) | - | 0.07 | -0.11 |
| Diluted Shares Outstanding | 10.91M | 10.91M | 17.76M |
| Basic Shares Outstanding | 10.91M | 10.91M | 10.91M |
| Dividend Payout Ratio | - | - | - |
Liquidity and cash burn
As indicated by the 2024Q3 financial data, PLTS generated $121.4K in quarterly revenue, reflecting a nascent operational scale that necessitates careful monitoring of client acquisition velocity to determine if the firm can achieve the critical mass required for sustainable, long-term institutional market penetration.
The current revenue base remains highly concentrated, suggesting that the firm is likely in the initial phases of its institutional adoption cycle. Investors should monitor whether this top-line performance represents a repeatable subscription model or if it remains susceptible to the lumpy, project-based nature of bespoke financial software implementations.
According to the 2024Q3 income statement, the company achieved a gross margin of 81.8%, which suggests a high-value software-centric product mix, yet this efficiency is currently undermined by operating expenses that outpace the firm's ability to generate consistent bottom-line profitability.
While the 81.8% gross margin is impressive for a firm of this size, it implies that the underlying technology is highly scalable. However, the inability to translate this gross profitability into positive net income suggests that the firm's current cost structure is not yet optimized for its existing revenue volume.
Based on the reported figures for 2024Q3, the firm's operating margin of 17.6% highlights a disconnect between gross profitability and operating income, suggesting that SG&A costs are currently consuming a significant portion of the value created by the firm's core technical offerings.
The current operating margin indicates that the company has not yet achieved the necessary scale to leverage its fixed cost base effectively. Further expansion of the operating margin will likely require a more disciplined approach to overhead management as the firm attempts to scale its institutional client base.
As reported in the 2024Q3 financial statements, the company posted a net loss of $12.7K, which warrants further investigation into whether this deficit is a result of aggressive reinvestment in R&D or an inability to control core operating expenses during this early growth phase.
The negative net margin of 10.5% suggests that the firm is currently operating in a cash-burning state, which may necessitate future capital raises if profitability does not improve. Investors should scrutinize the relationship between current R&D spending and the firm's ability to maintain its competitive edge in the forex technology space.
Quick answers to the most common questions about buying PLTS stock.
Platinum Analytics Cayman Limited Class A Ordinary Shares (PLTS) is profitable, generating $0.8M in net income for the fiscal year ending 2024 with a net profit margin of 35.2%.
Platinum Analytics Cayman Limited Class A Ordinary Shares (PLTS) reported an operating income of $0.8M, resulting in an operating profit margin of 35.1%. This margin reflects the operational efficiency of the business before interest and taxes.
Platinum Analytics Cayman Limited Class A Ordinary Shares (PLTS) generated $1.5M in gross profit for the year, representing a gross profit margin of 67.8%. This demonstrates the company's core pricing power and production efficiency.