Old Market Capital (OMCC) Q1 2024 Earnings Report

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.