Mesa Laboratories Inc (MLAB)

Net profit margin

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Net income	US$ in thousands	-254,246	930	1,871	3,274	1,349
Revenue	US$ in thousands	216,187	219,080	184,335	133,937	117,687
Net profit margin		-117.60%	0.42%	1.01%	2.44%	1.15%

March 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $-254,246K ÷ $216,187K
= -117.60%

Mesa Laboratories Inc's net profit margin has shown a declining trend over the past five years, ranging from 2.44% in March 2021 to -117.60% in March 2024. The negative net profit margin in March 2024 indicates that the company's expenses exceeded its revenues, resulting in a loss rather than profit. This significant decline raises concerns about the company's profitability and cost management efficiency. It is essential for Mesa Laboratories Inc to closely monitor and address the factors contributing to this negative performance to improve its financial health and restore profitability.