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Yahoo
13 hours ago
- Business
- Yahoo
BuildDirect.com Technologies Inc (BDCTF) Q1 2025 Earnings Call Highlights: Strategic Moves Amid ...
Revenue: $15.1 million for Q1 2025, down from $15.6 million in Q1 2024. Gross Margin: 41.3% in Q1 2025, up from 39.1% in Q1 2024. Gross Profit: $6.2 million in Q1 2025, up from $6.1 million in Q1 2024. Operating Expenses (OpEx): $6.4 million in Q1 2025, a slight decrease from Q1 2024. Adjusted EBITDA: Approximately $650,000 in Q1 2025, up from just over $500,000 in Q1 2024. Working Capital: $2.5 million as of March 31, 2025, down from $2.7 million in the prior year. Cash Position: $3.5 million as of March 31, 2025, $1.2 million higher than the prior quarter year-over-year. Cash from Operations: $768,000 for Q1 2025, down from $1.2 million in Q1 2024. Pro Center Revenue: $10.8 million in Q1 2025, down from $11.3 million in Q1 2024. E-Commerce Revenue: $4.2 million in Q1 2025, slightly down from $4.3 million in Q1 2024. Interest Expense: $349,000 in Q1 2025, up from $330,000 in Q1 2024. Restructuring Costs: Approximately $120,000 in Q1 2025, compared to nil in Q1 2024. Fulfillment Costs: Decreased by $102,000 to nearly $900,000 in Q1 2025. Selling and Marketing Costs: Approximately $1.4 million in Q1 2025, a slight increase of $53,000 from Q1 2024. Admin Costs: Increased nominally by 0.3% to $3.2 million in Q1 2025. Warning! GuruFocus has detected 3 Warning Signs with BDCTF. Release Date: May 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Technologies Inc (BDCTF) reported a gross margin increase to 41.3% in Q1 2025, up from 39.1% in the same quarter last year. The company achieved a positive adjusted EBITDA of $650,000 in Q1 2025, reflecting strong operational efficiency. Technologies Inc (BDCTF) completed the acquisition of key assets from Anchor Yorkshire Flooring, expanding its footprint in the Southeast US. The company signed a supply agreement worth up to $200 million with a large North American customer in the sports, entertainment, and recreation sector. Technologies Inc (BDCTF) successfully transitioned from third-party logistics providers to its own facilities, reducing fulfillment costs and improving customer service. Revenue for Q1 2025 decreased to $15.1 million from $15.6 million in the same quarter last year, a decline of 3.2%. Sales were negatively impacted by adverse weather conditions in key markets, reducing customer traffic and delaying project timelines. The company incurred restructuring costs of approximately $120,000 in Q1 2025, related to severance from headcount reductions. Interest expense increased to $349,000 in Q1 2025, primarily due to higher accrued balances on insider loans and new credit facilities. Cash from operations decreased by $400,000 year-over-year, mainly due to changes in noncash working capital. Q: Could you provide more detail on the timeline for the planned new Pro Center openings in key US markets? A: Shawn Wilson, CEO: We have a couple of potential locations in mind. Ideally, we aim to acquire $15 million to $20 million in revenue this year, with integration in Q4. However, we won't force deals; they must make sense and be structured correctly. Q: Given your dual strategy of building new Pro Centers organically and acquiring existing firm retails, could you elaborate on why BuildDirect often prefers to acquire established locations? A: Shawn Wilson, CEO: Acquiring established locations offers faster payback and market entry with an existing team and relationships. This allows us to quickly integrate procurement and marketing synergies, as seen with the Anchor Yorkshire acquisition. Q: Can you discuss how you plan to integrate the recent acquisition in Florida operationally and commercially, and what synergies do you expect to realize? A: Shawn Wilson, CEO: The integration of Anchor Yorkshire was swift, and we are now focusing on expanding product offerings. We expect to see improvements in Q3 and Q4, with potential synergies in new segments like medical and hospitality. Q: How does the recent acquisition fit into your overall regional growth strategy in the Southeast US? A: Shawn Wilson, CEO: The Southeast is a growing market, and the acquisition provides substantial freight savings and opens up nearby states. It is our first location in Florida, and we plan to expand our Pro Center network in the region. Q: How is the transition from third-party warehouses to Pro Centers progressing, and what impact has it had on fulfillment costs and customer delivery times? A: Shawn Wilson, CEO: The transition is complete, and we no longer use third-party logistics. This has significantly reduced fulfillment costs and improved customer service, with lower claim rates and faster shipping. Q: Can you elaborate on the recent management loans secured by senior leadership and how they align with the company's incentive structure and shareholder interest? A: Shawn Wilson, CEO: The management team now owns more equity, aligning interests with shareholders. Kerry Biggs, CFO: The company has a loan payable to Lyra and a loan receivable from management, resulting in no incremental leverage for the company. Q: What are your plans to deepen penetration in the commercial segment, and how does this segment's margin profile compare with your residential business? A: Kerry Biggs, CFO: We focus on product fulfillment for large projects, which offers excellent margins. The commercial segment is a priority, and we have expertise in direct sourcing from factories to project sites. Q: Will you be releasing guidance for 2025, and can you speak to seasonality? A: Shawn Wilson, CEO: We don't provide guidance due to our M&A strategy. Seasonality affects us mainly in Q4 and Q1, with softer performance due to weather and macroeconomic factors, particularly in Michigan. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
a day ago
- Business
- Globe and Mail
AITX Files FY 2025 10-K, Breaks Gross Profit and Revenue Records
Company Reports 562% Gross Profit Growth while Posting 300% of Prior Year Revenue Detroit, Michigan, May 30, 2025 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc. (the 'Company') (OTCPK:AITX), a global leader in AI-driven security and productivity solutions for enterprise clients, has filed its Annual Report on Form 10-K with the Securities and Exchange Commission for the fiscal year ended February 28, 2025. The Company reported annual revenue of $6,130,886, reflecting continued multi-year growth and the accelerating adoption of AITX's advanced AI-driven physical security solutions. The year concluded with a stable and fully deployed product set, streamlined operations, and a strengthened balance sheet. This positions AITX closer to operational profitability than ever before. Financial Highlights: AITX achieved total annual revenue of $6,130,886 for the fiscal year ended February 28, 2025, representing 275% of FY 2024 revenues. Gross profit for the year ended February 28, 2025, was $3,744,564. This marks an increase of $3,178,747, or 562%, over the prior year's gross profit of $565,817 for the year ended February 29, 2024. During the fiscal year, the Company successfully renegotiated with a lender to extend the maturities on various loans totaling $24.7 million at no cost. As a result of these efforts, the current ratio improved from 0.17 as of February 29, 2024, to 0.66 on February 28, 2025. Current liabilities decreased to $7.6 million at year end, compared to $21.7 million at the close of the prior fiscal year. By year end, the Company's recurring monthly revenue (RMR) run rate is expected to surpass $1 million, with internal forecasts indicating potential RMR growth to as high as $2.0 million by the end of this fiscal year. AITX expects further complete success to achieve operational positive cash flow and further improve its balance sheet. The Company continues to pursue its long-stated objective of uplisting to NASDAQ, with expectations to achieve this milestone sometime between 2027 and 2029. Operational and Strategic Achievements: During the fiscal year 2025, AITX completed the rollout of its fourth generation (Gen 4) platform across all core product lines, delivering advanced performance, streamlined manufacturing, and lower deployment complexity. This technology foundation supported the successful launch of SARA ™ (Speaking Autonomous Responsive Agent), AITX's proprietary agentic AI, now central to the Company's recurring revenue growth plans. With the product portfolio now fully developed and stable, AITX offers a complete suite of market-ready solutions serving enterprise, commercial, and residential security needs. These achievements, combined with disciplined cost management and operational efficiency, contributed to continued gross profit improvement. You are encouraged to view AITX's complete lineup of AI powered solutions here to see how AITX is transforming security and facility management solutions. 'We're happy with the year, but we're in no way satisfied,' said Steve Reinharz, founder, CEO and CTO of AITX. 'Our Gen 4 platform capabilities, SARA's launch, and ROAMEO ™, as well as other soon to be released solutions, make this fiscal year and what follows incredibly exciting. We have big aspirations, and this fiscal year that closed is a critical steppingstone on our journey forward. I am confident that the foundation we have established this year will drive continued success and unlock significant opportunities as we move forward.' AITX remains committed to operational execution and financial discipline as it advances toward its next stage of growth. The Company encourages analysts and other interested parties to review the full 10-K for a comprehensive understanding of its performance and outlook. AITX, through its primary subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the nearly $50 billion (US) security and guarding services industry i through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry's existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. The Company's operations and internal controls have been validated through successful completion of its SOC 2 Type 2 audit, reinforcing the Company's credibility with enterprise and government clients who require strict data protection and security compliance. RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time. About Artificial Intelligence Technology Solutions (AITX) AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX's RAD, RAD-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit and or follow Steve Reinharz on X @SteveReinharz. CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the 'Company'). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances whatsoever that the Company will meet its expectations with respect to its future revenues, sales volume, becoming cash flow positive, ARR or RMR. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. There is no guarantee that the Company will achieve a NASDAQ listing, achieve operational cash flow positive status, or exceed $1 million per month in recurring monthly revenue. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company's future revenues, results of operations, or stock price.
Yahoo
a day ago
- Business
- Yahoo
Block listing Interim Review
BLOCK LISTING SIX MONTHLY RETURN Date: 30 May 2025 1. Name of applicant: Irish Continental Group plc 2. Name of scheme: ICG Share Option Plans 3. Period of return: From: 1 October 2024 to 31 March 2025 4. Balance of unallotted securities under scheme(s) from previous return: 4,578,439 ICG Units 5. Plus: The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for): Nil 6. Less: Number of securities issued/allotted under scheme(s) during period: 1,608,000 ICG Units 7. Equals: Balance under scheme(s) not yet issued/allotted at end of period: 2,970,439 ICG UnitsName of contact: Tom Corcoran Telephone number of contact: +353 1 607 5700Sign in to access your portfolio
Zawya
2 days ago
- Business
- Zawya
Egypt: Amer Group posts 0.27% YoY consolidated profit uptick in Q1 2025
Arab Finance: Amer Group Holding (AMER) reported a 0.27% year-on-year (YoY) increase in consolidated net profits attributable to the parent company during the first quarter (Q1) of 2025, recording EGP 15.015 million, compared to EGP 14.974 million, according to a financial statement on May 29th. Revenues increased to EGP 316.188 million in Q1 2025 from EGP 271.913 million in Q1 2024. As for the standalone statement, the company registered net losses after tax of EGP 5.077 million in the three-month period ended March 31st, up from EGP 2.775 million in the year-ago period. Amer Group is engaged in diversified industry sectors, with its operations being structured into many segments, namely real estate, restaurants, hotels, malls, and retail. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Yahoo
2 days ago
- Business
- Yahoo
Pets at Home Group Full Year 2025 Earnings: EPS Misses Expectations
Revenue: UK£1.48b (flat on FY 2024). Net income: UK£88.2m (up 11% from FY 2024). Profit margin: 6.0% (up from 5.4% in FY 2024). EPS: UK£0.19 (up from UK£0.17 in FY 2024). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Like-for-like sales growth: Down 0.4% vs FY 2024. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.9%. Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Specialty Retail industry in the United Kingdom. Performance of the British Specialty Retail industry. The company's shares are up 4.3% from a week ago. While earnings are important, another area to consider is the balance sheet. See our latest analysis on Pets at Home Group's balance sheet health. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
