Lendway Reports Q3 Earnings with Significant Losses
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 46 minutes ago
0mins
Should l Buy TULP?
Source: seekingalpha
- Earnings Overview: Lendway's Q3 GAAP EPS stands at -$0.43, indicating significant challenges in profitability and reflecting ongoing pressures on its continued operations.
- Revenue and Gross Profit: The company reported revenue of $14.4 million with a gross profit of $2.9 million, representing 19.8% of sales, a stark decline from $3.9 million and 31.3% gross margin in the previous quarter, highlighting a significant drop in profitability.
- Operating Loss: Lendway incurred an operating loss of $0.02 million this quarter, contrasting sharply with an operating income of $1.4 million in the same period last year, indicating difficulties in cost management and revenue generation.
- Net Loss Situation: The net loss from continuing operations was $0.8 million, compared to a net income of $0.6 million in the same quarter last year, reflecting the company's vulnerability amid changing market conditions.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy TULP?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on TULP
Wall Street analysts forecast TULP stock price to rise
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 4.050
Low
Averages
High
Current: 4.050
Low
Averages
High
No data
About TULP
Bloomia Holdings, Inc., formerly Lendway, Inc., is a specialty agricultural (ag) company. The Company is focused on making and managing its ag investments in the United States and internationally. The Company is the owner of Fresh Tulips USA LLC, TULP 24.1, LLC, Bloomia B.V., and its affiliated entities (Bloomia). Bloomia is a producer of fresh cut tulips (stems) in the United States. Bloomia operates greenhouses to grow approximately 90,000,000 tulip stems primarily in its United States and South Africa locations. Bloomia operates from three strategically positioned locations in the United States, the Netherlands and South Africa, and also owns a 30% interest in a greenhouse business in Chile. Bloomia has invested in automation in its United States greenhouse.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Lendway Reports Q3 Earnings with Significant Losses
- Earnings Overview: Lendway's Q3 GAAP EPS stands at -$0.43, indicating significant challenges in profitability and reflecting ongoing pressures on its continued operations.
- Revenue and Gross Profit: The company reported revenue of $14.4 million with a gross profit of $2.9 million, representing 19.8% of sales, a stark decline from $3.9 million and 31.3% gross margin in the previous quarter, highlighting a significant drop in profitability.
- Operating Loss: Lendway incurred an operating loss of $0.02 million this quarter, contrasting sharply with an operating income of $1.4 million in the same period last year, indicating difficulties in cost management and revenue generation.
- Net Loss Situation: The net loss from continuing operations was $0.8 million, compared to a net income of $0.6 million in the same quarter last year, reflecting the company's vulnerability amid changing market conditions.
See More
Lendway Reports Q3 Earnings with Significant Losses
- Earnings Overview: Lendway's Q3 GAAP EPS stands at -$0.43, indicating significant challenges in profitability and reflecting ongoing pressures on its continued operations.
- Revenue and Gross Profit: The company reported revenue of $14.4 million with a gross profit of $2.9 million, representing 19.8% of sales, a stark decline from $3.9 million and 31.3% gross margin in the previous quarter, highlighting a significant drop in profitability.
- Operating Loss: Lendway incurred an operating loss of $0.02 million this quarter, contrasting sharply with an operating income of $1.4 million in the same period last year, indicating difficulties in cost management and revenue generation.
- Net Loss Situation: The net loss from continuing operations was $0.8 million, compared to a net income of $0.6 million in the same quarter last year, reflecting the company's vulnerability amid changing market conditions.
See More
