I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2025 Q3, the actual value is USD 43.73 M.
EPS: As of FY2025 Q3, the actual value is USD -0.08.
EBIT: As of FY2025 Q3, the actual value is USD -2.533 M.
Segment Revenue
- Total Revenue: $43.7 million, a decrease of 9.4% year-over-year and 0.7% sequentially.
Operational Metrics
- Net Loss: $3.0 million, compared to a Net Loss of $1.3 million in the same period last year.
- Gross Margin: 53.3%, an improvement of 30 basis points from 53.0% in the third quarter of 2024.
- Operating Expenses: $26.1 million, down 19.5% from $32.3 million in the prior year.
- Adjusted EBITDA: -$1.2 million, compared to breakeven in the prior year.
Cash Flow
- Operating Cash Flow: $1.0 million outflow for the quarter, compared to a $0.8 million inflow in the prior year.
- Cash, Cash Equivalents, and Restricted Cash: $12.3 million as of September 30, 2025, down from $14.0 million as of June 30, 2025.
- Ending cash, cash equivalents, and restricted cash as of September 30, 2025, was $12.3 million, down from $24.3 million at the end of 2024.
- Outstanding debt remained at $7.5 million ABL.
Unique Metrics
- Direct to Consumer (DTC) Total Orders: 619,000, a decline of 12.5% year-over-year.
- DTC Active Customers: 660,000, a decrease of 7.0% year-over-year.
- DTC Net Revenue Per Order: $66.76, a decrease of 0.4% year-over-year but an increase of 2.4% sequentially.
- Plastic Intensity: 0.94 pounds per $100 in net revenue, improving from 1.06 pounds in the third quarter of 2024.
- The company has focused on improving product transparency and sustainability by partnering with Gravity Climate on AI carbon disclosure.
Outlook / Guidance
- Full year 2025 revenue is expected to be $172.5 - $175 million, at the lower end of the previously communicated guidance range.
- Fourth-quarter revenue is expected to remain roughly flat sequentially.
- Full year 2025 Adjusted EBITDA is expected to be within the previously communicated guidance range of negative low-single-digit millions to breakeven, with fourth-quarter Adjusted EBITDA expected to be positive.