Filing Flows › BNB Plus (BNBX) › Q2 FY25
BNB Plus (BNBX) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 15, 2025
BNB Plus (BNBX) reported revenue of $983K for the second quarter fiscal 2025 (Q2 FY25), +6% from a year earlier and -18% from the quarter before. Operating margin was -343.5%, net loss $3.3M (339.3% of revenue).
BNB Plus, Q2 FY25: revenue $983K (+6% year over year), operating margin -343.5%, net loss $3.3M, operating cash flow −$3.2M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $983K | -18% | +6% |
| Operating profit | −$3.4M | — | — |
| Net earnings | −$3.3M | — | — |
| Operating cash flow | −$3.2M | — | — |
What changed
Revenue was $1.0M in Q2 FY25, up 6% year over year and down 18% from the previous quarter.
Gross margin was 37.7%, up 5.9 points from a year earlier. Operating costs exceeded revenue by $3.4M, an operating margin of -343.5%. Operating expenses fell 4% while revenue rose 6%. The quarter ended with a net loss of $3.3M, wider than the previous quarter's $2.7M loss. Minority interests bore $32K of it: to shareholders the quarter was a loss of $3.3M.
Operating cash flow was −$3.2M. Non-cash charges added back $119K of depreciation and amortization and $27K of share-based compensation. Capital expenditures of $185K exceeded it, leaving free cash flow of −$3.4M.
Questions
What was BNB Plus' revenue in the second quarter fiscal 2025?
BNB Plus (BNBX) reported revenue of $983K for the second quarter fiscal 2025 (Q2 FY25), +6% from a year earlier and -18% from the quarter before.
Was BNB Plus profitable in the second quarter fiscal 2025?
Operating loss was $3.4M (-343.5% of revenue) and net loss $3.3M.
Source: BNB Plus 10-Q on SEC EDGAR.