Filing Flows › Target Group (CBDY) › Q1 2025
Target Group (CBDY) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Target Group (CBDY) reported revenue of $1.4M for the first quarter 2025 (Q1 2025), -27% from a year earlier and -25% from the quarter before. Operating margin was -7.7%, net loss $108K (7.7% of revenue).
Target Group, Q1 2025: revenue $1.4M (-27% year over year), operating margin -7.7%, net loss $108K, operating cash flow −$570K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4M | -25% | -27% |
| Operating profit | −$108K | -150% | — |
| Net earnings | −$108K | -150% | — |
| Operating cash flow | −$570K | -177% | — |
What changed
Revenue was $1.4M in Q1 2025, down 27% year over year and down 25% from the previous quarter.
Gross margin was 55.0%, up 12.8 points from a year earlier. Operating costs exceeded revenue by $108K, an operating margin of -7.7%. Operating expenses fell 12% while revenue fell 27%. The quarter ended with a net loss of $108K, after a profit of $216K the previous quarter.
Operating cash flow was −$570K. Non-cash charges added back $218K of depreciation. Working capital and other items used $680K.
Questions
What was Target Group's revenue in the first quarter 2025?
Target Group (CBDY) reported revenue of $1.4M for the first quarter 2025 (Q1 2025), -27% from a year earlier and -25% from the quarter before.
Was Target Group profitable in the first quarter 2025?
Operating loss was $108K (-7.7% of revenue) and net loss $108K.
Source: Target Group 10-Q on SEC EDGAR.