Filing Flows › IP Strategy Holdings (IPST) › Q1 2025
IP Strategy Holdings (IPST) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 20, 2025
IP Strategy Holdings (IPST) reported revenue of $1.1M for the first quarter 2025 (Q1 2025), -36% from a year earlier and -65% from the quarter before. Operating margin was -224.5%, net loss $3.0M (277.8% of revenue).
IP Strategy Holdings, Q1 2025: revenue $1.1M (-36% year over year), operating margin -224.5%, net loss $3.0M, operating cash flow −$2.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1M | -65% | -36% |
| Operating profit | −$2.5M | — | — |
| Net earnings | −$3.0M | — | — |
| Operating cash flow | −$2.0M | — | — |
What changed
Revenue was $1.1M in Q1 2025, down 36% year over year and down 65% from the previous quarter. Direct to Consumer was the largest line at 52% of revenue. Services lost $220K year over year (down 46%), 36% of the total change.
Gross margin was 24.9%, up 1.0 points from a year earlier. Operating costs exceeded revenue by $2.5M, an operating margin of -224.5%. Operating expenses grew 3% against a revenue fall of 36%. The fastest-growing cost line was Sales & marketing (+11%). The quarter ended with a net loss of $3.0M, narrower than the previous quarter's $4.7M loss.
Operating cash flow was −$2.0M. Non-cash charges added back $297K of depreciation. Working capital and other items added $705K. Capital expenditures of $17K exceeded it, leaving free cash flow of −$2.0M.
Questions
What was IP Strategy Holdings' revenue in the first quarter 2025?
IP Strategy Holdings (IPST) reported revenue of $1.1M for the first quarter 2025 (Q1 2025), -36% from a year earlier and -65% from the quarter before.
Was IP Strategy Holdings profitable in the first quarter 2025?
Operating loss was $2.5M (-224.5% of revenue) and net loss $3.0M.