BLPG Blue Line Protection Group, Inc.

Overview and Growth

Fiscal 2024 results for Blue Line Protection Group, Inc. combined $4.37M of revenue with net income of $241.74K and an operating cash inflow of $269.52K. At $4.37M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Revenue was 1.0% below fiscal 2023 revenue of $4.41M, marking a top-line contraction. The company reported diluted EPS of $0.01, adding a shareholder-level measure to the absolute income figures considered below. The per-share result recorded a 50.0% decrease from fiscal 2023 diluted EPS of $0.02. Asset turnover was 3.22x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The first profit layer was $2.77M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. The gross-profit relationship equaled 63.6% of revenue, quantifying the portion retained before operating expenses were recognized. Operating income was $344.97K, the earnings remaining from reported operations after the company’s recognized operating cost structure. Operating margin measured 7.9%, showing the portion of revenue preserved after the full set of operating costs. Net income came to $241.74K, completing the progression from revenue through gross and operating profitability to the final reported result. The final earnings result represented 5.5% of revenue, connecting the absolute net income figure with the company’s top-line scale. Before income taxes, the company reported $253.22K of earnings, providing a bridge between the operating result and final net income. Measured against revenue, pretax income equaled 5.8%, adding a pre-tax profitability layer between revenue and net income. Income tax expense totaled $11.48K, providing the reported tax component that separates pretax and after-tax earnings. The effective relationship between income tax and positive pretax income was 4.5%, without assuming a statutory-rate comparison.

Liquidity and Capital Structure

The company held $1.36M of assets against $1.99M of liabilities and -$633.16K of equity, revealing how the asset base was financed. Equity was negative at -$633.16K, meaning liabilities exceeded the residual book value available to shareholders and weakening balance-sheet resilience. At period end, current assets of $705.61K compared with current liabilities of $1.17M, defining the company’s short-term resource position. The current ratio was 0.6x; current liabilities exceeded current assets, leaving a short-term liquidity deficit. Reported cash and equivalents were $350.89K, separating immediately recognizable cash resources from the rest of the current-asset base. Measured only with cash and equivalents, coverage of current liabilities was 30.0%, excluding receivables and other current assets. Relative to total assets, liabilities measured 146.7%, complementing the separate equity-based view of the company’s capital structure. Measured against total assets, cash and equivalents represented 25.9%, a balance-sheet composition measure rather than a liquidity forecast. The asset base changed 27.2% from $1.86M in fiscal 2023, leaving current total assets lower year over year.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $269.52K, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. The operating-cash-flow-to-net-income relationship was 1.11x, comparing cash generated by operations with the bottom-line earnings result. Capital expenditures used $7.03K, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital expenditures represented 2.6% of operating cash flow, leaving the remainder available as free cash flow. The combination of operating cash flow and capital spending produced $262.50K of positive free cash flow for the period. Relative to revenue, free cash flow equaled 6.0%, showing how much sales converted into cash after investment. Measured against total assets, free cash flow represented 19.4%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Dec 31, 2024. Analysis generated Oct 21, 2026.