Executive Summary
Executive summary: Old Market Capital Corporation (OMCC) reported QQ1 2024 revenue of $2.713 million with a gross profit of $2.713 million, implying a gross margin of 100% per the dataset. The quarter showed a net loss of $0.211 million or earnings per share of -$0.19. Year-over-year revenue declined by approximately 64.0%, reflecting a meaningful base effect and ongoing top-line volatility in a small-cap financial services segment. On a quarter-over-quarter basis, revenue rose ~114.9% versus Q4 2023’s negative revenue print, signaling stabilization after a difficult prior quarter, albeit without implying immediate profitability. Management commentary is not provided in the dataset, but the company maintains a robust liquidity position with cash and cash equivalents of $18.982 million and no disclosed long-term debt, which provides optionality for strategic actions. Operational cash flow was $0.792 million in the quarter, yielding a modest free cash flow of $0.792 million, while investing activities show a sizable outflow that is not clearly reconciled within the data, suggesting potential non-operating items or one-off charges. The stock trades with a price-to-sales multiple around 15.6x and a price-to-book of ~0.72x, underscoring a crowding around cash-rich balance sheet potential despite a fragile near-term earnings profile.
Key Performance Indicators
QoQ: 114.89% | YoY:-64.02%
QoQ: 114.89% | YoY:-64.02%
Key Insights
Revenue: $2,713,000 (YoY -64.02%, QoQ +114.89%)
Gross Profit: $2,713,000 (YoY -64.02%, QoQ +114.89%)
Net Income: -$211,000 (Net margin -7.78%)
EPS: -$0.19 (YoY +91.28%, QoQ +88.13%)
Cash and Equivalents: $18,982,000
Operating cash flow: $792,000
Net cash used in investing activities: -$10,374,000
Net change in cash: $11,165,000
Free cash flow: $792,000
Weighted average shares: 7.10 million
Receivables turnover: 3.01x
Asset turnover: 0.0453x
Gross margin: 100.00%
Net income margin: -7.78%
Price t...
Financial Highlights
Revenue: $2,713,000 (YoY -64.02%, QoQ +114.89%)
Gross Profit: $2,713,000 (YoY -64.02%, QoQ +114.89%)
Net Income: -$211,000 (Net margin -7.78%)
EPS: -$0.19 (YoY +91.28%, QoQ +88.13%)
Cash and Equivalents: $18,982,000
Operating cash flow: $792,000
Net cash used in investing activities: -$10,374,000
Net change in cash: $11,165,000
Free cash flow: $792,000
Weighted average shares: 7.10 million
Receivables turnover: 3.01x
Asset turnover: 0.0453x
Gross margin: 100.00%
Net income margin: -7.78%
Price to sales: 15.57x
Price to book: 0.72x
Price to earnings: negative (~-50.05x)
Cash per share: $2.67
Operating cash flow per share: $0.112
Free cash flow per share: $0.112
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
2.71M |
-64.02% |
114.89% |
| Gross Profit |
2.71M |
-64.02% |
114.89% |
| Net Income |
-211.00K |
98.66% |
98.19% |
| EPS |
-0.19 |
91.28% |
88.13% |
Key Financial Ratios
operatingCashFlowPerShare
$0.11
freeCashFlowPerShare
$0.11
priceEarningsRatio
-50.05
Management Commentary
No earnings call transcript or management-quoted highlights were provided in the data set. Consequently, thematic insights or direct quotes from executives could not be synthesized.
Forward Guidance
No formal forward guidance is present in the provided data. Given the quarter’s volatility and the absence of explicit guidance, investors should monitor: (1) revenue trajectory and sustainability of the Q1 sequential rebound, (2) ongoing cost discipline and any structural margin improvements, (3) working capital dynamics (receivables collection and payment terms), and (4) utilization of the cash cushion for strategic initiatives or potential liquidity events. The company’s strong cash position and zero debt are meaningful optionality factors, but meaningful earnings leverage will require sustained revenue growth or meaningful reductions in non-operating costs. In the context of industry trends in Financial Services and Credit Services, a path to profitability will likely depend on revenue stability, portfolio quality, and disciplined capital allocation.