secwatch.observer — SEC 8-K summary
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Issuer:     Lakeside Holding Ltd (LSH)
CIK:        0001996192
Form:       8-K
Filed at:   2024-11-15T23:59:59+00:00
Accession:  0001213900-24-099172
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lakeside Q1 FY2025 revenue down 1.6%, net loss quadruples to $1.3M
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- Total revenue $4.08M, down 1.6% YoY; net loss widened to $1.3M from $0.3M.
- Gross profit fell 19.3% to $0.5M; gross margin contracted to 12.8% from 15.6%.
- G&A expenses surged 114.7% to $1.8M, driven by higher salaries and professional fees.
- Airfreight revenue dropped 8.2% to $2.2M on lower volume; ocean freight rose 7.8% to $1.8M.
- Asia-based customer revenue jumped 65.8% to $2.8M, offsetting a 48.2% decline from US-based customers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1996192/000121390024099172/0001213900-24-099172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1996192/000121390024099172/ea0221431-8k_lakeside.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-099172

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