secwatch.observer — SEC 8-K summary
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Issuer:     BLOOMIA HOLDINGS, INC. (TULP)
CIK:        0000875355
Form:       8-K
Filed at:   2025-03-27T23:59:59+00:00
Accession:  0001558370-25-003821
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/875355/000155837025003821/0001558370-25-003821-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/875355/000155837025003821/ldwy-20250324x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-003821

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer