Bogota Financial Corp. Reports Results for the Three and Twelve Months Ended December 31, 2024
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Bogota Financial Corp. (NASDAQ: BSBK) reported a net loss of $930,000 for Q4 2024, an improvement from a $1.2 million loss in Q4 2023. However, the company faced a net loss of $2.2 million for the full year 2024, compared to a net income of $643,000 in 2023.
February 14, 2025 | 10:45 pm
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Bogota Financial Corp. reported a Q4 2024 net loss of $930,000, an improvement from the previous year's Q4 loss. However, the full-year 2024 results show a significant decline with a net loss of $2.2 million compared to a profit in 2023.
The reported net loss for both Q4 and the full year 2024 indicates financial struggles for Bogota Financial Corp. Despite an improvement in Q4 results compared to the previous year, the overall annual performance shows a significant downturn from a profit to a loss, likely impacting investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100