earnings
confidence high
sentiment negative
materiality 0.70
Lendway reports Q1 net loss of $1.3M; Bloomia acquisition drives $8.0M revenue but one-time costs weigh
BLOOMIA HOLDINGS, INC.
2025-Q1 EPS reported
-$0.67
revenue$8,033,000
- Q1 net loss from continuing ops $1.3M ($0.77/share) vs loss of $528K ($0.29) in Q1 2023.
- Revenue from Bloomia $8.0M (no revenue in prior year); adjusted EBITDA $1.7M vs ($614K).
- One-time acquisition costs $1.542M and inventory step-up amortization $1.36M weighed on results.
- Cash decreased to $5.0M from $16.1M due to funding Bloomia acquisition for $53.4M in Feb 2024.
- Company expects full year loss due to seasonality and one-time costs; Q1 and Q2 are strongest quarters.