I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2025 Q3, the actual value is USD 1.834 M.
EPS: As of FY2025 Q3, the actual value is USD 0.06.
EBIT: As of FY2025 Q3, the actual value is USD -1.816 M.
Segment Revenue
- Account Fee Income: $963,098 for the three months ended September 30, 2025, compared to $1,646,888 for the same period in 2024, a decrease of 41.5%.
- Loan Interest Income: $510,754 for the three months ended September 30, 2025, compared to $1,341,501 for the same period in 2024, a decrease of 61.9%.
- Investment Income: $340,688 for the three months ended September 30, 2025, compared to $475,011 for the same period in 2024, a decrease of 28.3%.
- Safe Harbor Program Income: $19,230 for the three months ended September 30, 2025, unchanged from the same period in 2024.
Operational Metrics
- Net Income: $179,508 for the three months ended September 30, 2025, compared to $353,817 for the same period in 2024, a decrease of 49.3%.
- Operating Expenses: $3,051,016 for the three months ended September 30, 2025, compared to $3,305,721 for the same period in 2024, a decrease of 7.7%.
- Compensation and Employee Benefits: $1,695,786 for the three months ended September 30, 2025, compared to $1,839,244 for the same period in 2024, a decrease of 7.8%.
- General and Administrative Expenses: $856,389 for the three months ended September 30, 2025, compared to $929,406 for the same period in 2024, a decrease of 7.9%.
- Professional Services: $442,312 for the three months ended September 30, 2025, compared to $463,452 for the same period in 2024, a decrease of 4.6%.
- Rent Expense: $56,529 for the three months ended September 30, 2025, compared to $66,170 for the same period in 2024, a decrease of 14.6%.
- Provision (Benefit) for Credit Losses: $0 for the three months ended September 30, 2025, compared to $7,449 for the same period in 2024, a decrease of 100%.
Cash Flow
- Operating Cash Flow: -$2,353,375 for the nine months ended September 30, 2025, compared to $3,207,069 for the same period in 2024.
- Investing Cash Flow: $392,186 for the nine months ended September 30, 2025, compared to $8,173 for the same period in 2024.
- Financing Cash Flow: $498,264 for the nine months ended September 30, 2025, compared to -$2,242,536 for the same period in 2024.
Unique Metrics
- Average Monthly Deposit Balance: $107,976,219 for the three months ended September 30, 2025, compared to $111,202,938 for the same period in 2024, a decrease of 2.9%.
- Average Account Fees: $270,501 for the three months ended September 30, 2025, compared to $410,776 for the same period in 2024, a decrease of 34.1%.
- Average Active Accounts: 774 for the three months ended September 30, 2025, compared to 745 for the same period in 2024, an increase of 3.9%.
- Average Account Balance: $139,444 for the three months ended September 30, 2025, compared to $149,199 for the same period in 2024, a decrease of 6.5%.
- Average Fees Per Account: $349 for the three months ended September 30, 2025, compared to $551 for the same period in 2024, a decrease of 36.7%.
Future Outlook and Strategy
- Core Business Focus: The Company plans to continue its cost-reduction measures, including workforce realignments, vendor consolidation, and tighter discretionary spending controls. Management expects continued cost reductions and improved cash generation as operational efficiencies take hold.
- Non-Core Business: The Company has entered into an Equity Line of Credit (ELOC) with an investor, providing the ability to sell up to $150 million of newly issued common stock, with potential expansion to $500 million upon mutual agreement. This arrangement is expected to strengthen the Company’s short-term liquidity position.
- Priority: The Company believes that improvement in overall U.S. economic conditions, particularly increased discretionary spending, and potential regulatory easing, including federal rescheduling of cannabis, could contribute to higher account balances and transaction activity over time.