Lendway reports Q4 net loss of $2.9M, FY2024 loss of $5.7M; fiscal year changes to June 30

BLOOMIA HOLDINGS, INC.

Q4 revenue $6.2M (all from Bloomia acquisition); gross loss $0.6M; operating loss $3.9M vs $0.5M loss in Q4 2023.
FY2024 revenue $37.8M; net loss $5.7M ($3.24/share) vs net income $2.4M ($1.36/share) in 2023, primarily due to acquisition costs and interest.
Adjusted EBITDA for FY2024 was $1.0M vs loss of $3.5M in 2023; Bloomia contributed $3.7M adjusted EBITDA since acquisition.
Cash and cash equivalents $1.8M at Dec 31, 2024, down from $16.1M, primarily due to funding Bloomia purchase.
Board changed fiscal year end from Dec 31 to June 30; transition report for six months ending June 30, 2025 to be filed.

item 2.02 item 5.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

BLOOMIA HOLDINGS, INC.: Changed fiscal year end from December 31 to June 30 (effective 2025-03-25).

Change: fiscal year change
Effective: 2025-03-25

Exact text from the filing

On March 25, 2025, the Company’s Board of Directors approved a resolution to change the Company’s fiscal year end from December 31 to June 30 of each calendar year.

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BLOOMIA HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001558370-25-003821

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