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SYSTEM1 INC C/WTS 27/01/2027 (TO PUR COM) | 10-Q: FY2025 Q2 Revenue: USD 78.12 M

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Revenue: As of FY2025 Q2, the actual value is USD 78.12 M.

EPS: As of FY2025 Q2, the actual value is USD -2.23.

EBIT: As of FY2025 Q2, the actual value is USD -23.09 M.

Marketing Segment

  • Revenue: $54,142,000 for the three months ended June 30, 2025, a decrease from $76,654,000 in the same period in 2024.
  • Segment Cost of Revenue: $34,509,000 for the three months ended June 30, 2025, compared to $53,032,000 in the same period in 2024.
  • Segment Adjusted Gross Profit: $19,633,000 for the three months ended June 30, 2025, a decrease from $23,622,000 in the same period in 2024.

Products Segment

  • Revenue: $23,973,000 for the three months ended June 30, 2025, an increase from $17,927,000 in the same period in 2024.
  • Segment Cost of Revenue: $1,276,000 for the three months ended June 30, 2025, compared to $681,000 in the same period in 2024.
  • Segment Adjusted Gross Profit: $22,697,000 for the three months ended June 30, 2025, an increase from $17,246,000 in the same period in 2024.

Cash Flow

  • Net Cash Provided by Operating Activities: $8,543,000 for the six months ended June 30, 2025, compared to net cash used of $6,022,000 in the same period in 2024.
  • Net Cash Used in Investing Activities: $3,107,000 for the six months ended June 30, 2025, compared to $3,218,000 in the same period in 2024.
  • Net Cash Used in Financing Activities: $8,094,000 for the six months ended June 30, 2025, compared to $53,929,000 in the same period in 2024.

Future Outlook and Strategy

  • Core Business Focus: The company plans to continue expanding the number of advertising partners utilizing the RAMP platform and optimizing bids to drive higher returns on advertising spend.
  • Non-Core Business: There is a focus on reducing cash operating expenses and debt service obligations to improve liquidity.

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