Revenue: As of FY2025 Q1, the actual value is USD 392 K.

EPS: As of FY2025 Q1, the actual value is USD -8.03.

EBIT: As of FY2025 Q1, the actual value is USD -8.85 M.

Merchant Banking Segment

• Net Loss on Equity Holdings and Other Holdings: The segment reported a net loss of $6.4 million for the three months ended March 31, 2025, compared to a net loss of $3.4 million in the same period in 2024, primarily due to declines in the market value of the common stock of Saltire and GreenFirst Forest Products.

Managed Services Segment

• Product Sales: Revenue from product sales was $3.5 million for the three months ended March 31, 2025, down from $4.6 million in the same period in 2024, reflecting a decrease in cinema customer projects.
• Services Revenue: Services revenue was $3.3 million for the three months ended March 31, 2025, slightly up from $3.2 million in the same period in 2024.
• Total Revenue: The segment’s total revenue was $6.6 million for the three months ended March 31, 2025, compared to $7.7 million in the same period in 2024.
• Direct Costs of Products and Services: Direct costs were $2.9 million for the three months ended March 31, 2025, compared to $3.7 million in the same period in 2024.

Other Segment

• Total Revenue: The segment reported total revenue of $0.1 million for the three months ended March 31, 2025, compared to $0.2 million in the same period in 2024.

Cash Flow

• Net Cash Used in Operating Activities: The company used $2.2 million in net cash from operating activities for the three months ended March 31, 2025, compared to $1.2 million in the same period in 2024.
• Net Cash Provided by Investing Activities: The company generated $1.5 million in net cash from investing activities for the three months ended March 31, 2025, compared to $2.2 million in the same period in 2024.
• Net Cash Used in Financing Activities: The company used $0.7 million in net cash from financing activities for the three months ended March 31, 2025, consistent with the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company expects order volumes and revenues to trend upward as the year progresses, although it is closely monitoring the economic environment and customer order trends.
• Non-Core Business: The company intends to sell its reinsurance operations in 2025, with a portion of the business expected to be sold for $5.6 million in the first half of the year.