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Maison Solutions | 10-Q: Q3 2025 Earnings Report

SEC ·  Mar 17 20:44

Summary by Moomoo AI

Maison Solutions Inc. reported strong financial results for Q3 FY2025 ended January 31, 2025. Revenue surged 151.1% to $34.1 million, primarily driven by the inclusion of $21.6 million from newly acquired Lee Lee stores. Gross profit increased 136.6% to $7.5 million, while gross margin slightly decreased to 22.1% from 23.4% year-over-year.The company recorded net income of $1.0 million compared to a net loss of $0.5 million in Q3 FY2024. Operating expenses increased 83.9% to $6.4 million, mainly due to higher payroll, utility and merchant service charges from the Lee Lee acquisition. The four California-based supermarkets contributed $12.5 million in revenue, down $1.1 million year-over-year due to increased local competition and the end of certain COVID-19 relief programs.As of January 31, 2025, the company had cash and equivalents of $0.4 million and working capital deficit of $11.5 million. To strengthen its financial position, Maison Solutions entered into a $3 million convertible note agreement in March 2025 and modified the payment schedule of its $8.3 million Lee Lee acquisition note to extend maturity to May 2026.
Maison Solutions Inc. reported strong financial results for Q3 FY2025 ended January 31, 2025. Revenue surged 151.1% to $34.1 million, primarily driven by the inclusion of $21.6 million from newly acquired Lee Lee stores. Gross profit increased 136.6% to $7.5 million, while gross margin slightly decreased to 22.1% from 23.4% year-over-year.The company recorded net income of $1.0 million compared to a net loss of $0.5 million in Q3 FY2024. Operating expenses increased 83.9% to $6.4 million, mainly due to higher payroll, utility and merchant service charges from the Lee Lee acquisition. The four California-based supermarkets contributed $12.5 million in revenue, down $1.1 million year-over-year due to increased local competition and the end of certain COVID-19 relief programs.As of January 31, 2025, the company had cash and equivalents of $0.4 million and working capital deficit of $11.5 million. To strengthen its financial position, Maison Solutions entered into a $3 million convertible note agreement in March 2025 and modified the payment schedule of its $8.3 million Lee Lee acquisition note to extend maturity to May 2026.
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