TULP News & Events

Reports Q1 revenue $14.4M vs. $12.4M last year. Bloomia Holding's Chairman and Co-Chief Executive Officer, Mark Jundt, commented, "Revenue growth in this quarter demonstrates the strength of both our market position and customer relationships. Our increased stem availability positions us well for a strong fourth quarter in which demand historically is higher than stem availability. As we've highlighted in the past, this year we've been challenged by rising raw material costs, tariffs, and a strengthening Euro versus the US Dollar. As these external factors appear to be resolving in our favor, we are pleased that we invested in maintaining market share, which now has us looking forward to a more profitable fiscal year 2027." Co-Chief Executive Officer Dan Philp added, "It was a very busy and exciting quarter for Bloomia. We closed a successful rights offering, and paid down high interest debt at a 50% discount which significantly de-levered the Company and positions the Company well for future growth. The team is excited for what's to come."

Reports Q4 revenue $6.7M vs. $6.2M last year. Bloomia Holding's Co-CEO Mark Jundt, commented, "This quarter, along with the quarter preceding it, represents and concludes our offseason. In a seasonal business like ours, our offseason is a time to increase focus on operational efficiencies and build our inventory as we prepare for the exciting busy season ahead. Our operational improvements, including further investments in automation, are a large reason why our operating results were 43% better than the prior year's comparable quarter. I'm very proud of the hard work our team has put in for dramatically improved results like this and we will carry this momentum into our commencing busy season. We are up for the challenge." Co-Chief Executive Officer Dan Philp added, "We are pleased with the results from the second fiscal quarter, which includes not only the significantly improved operating results that Mark mentioned, but an increase in revenue as well. I want to thank the team for driving this success. These strong earnings are another reason why we are confident in the Rights Offering we are about to commence. We believe now is a great time to be a Bloomia Holdings stockholder."

Bloomia Holdings' Board of Directors has fixed the close of business on February 16 as the record date for its previously announced subscription rights offering pursuant to which it intends to raise gross proceeds of up to approximately $15.5M. The Company will distribute at no charge to holders of its common stock, par value $0.01 per share, as of the close of business on the Record Date one subscription right for each share of Common Stock held. Each subscription right will entitle the holder to purchase 2.16 shares of Common Stock at a subscription price of $4.05 per whole share. If fully subscribed, this would result in the issuance of an aggregate of approximately 3.8 million shares of Common Stock. The subscription rights are non-transferable, and will not be listed for trading on any stock exchange or market. In addition, holders of subscription rights who fully exercise their subscription rights will be entitled to over-subscribe for additional shares of Common Stock, subject to proration. The Rights Offering is expected to expire at 5:00 p.m., Central Time, on March 28, subject to extension or earlier termination.