earnings
confidence high
sentiment positive
materiality 0.70
Beneficient reports Q2 fiscal 2025 GAAP net income; revenue $8.6M vs $(42.8M) prior year
Beneficient
- Second consecutive GAAP net income quarter; basic EPS $2.98, diluted EPS $0.03.
- Revenues of $8.6M vs $(42.8M) in Q2 fiscal 2024; adjusted revenues $8.7M.
- Operating expenses ex-goodwill declined 31.9% YoY to $22.0M from $32.3M.
- Reclassified ~$125.5M of preferred equity to permanent equity; permanent equity deficit improved to -$13.2M from -$148.3M.
- Patrick J. Donegan appointed independent director effective September 30, 2024.