Filing Flows › Key Tronic (KTCC) › Q2 FY25
Key Tronic (KTCC) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Feb 7, 2025
Key Tronic (KTCC) reported revenue of $114M for the second quarter fiscal 2025 (Q2 FY25), -23% from a year earlier and -13% from the quarter before. Operating margin was -1.0%, net loss $4.9M (4.3% of revenue).
Key Tronic, Q2 FY25: revenue $114M (-23% year over year), operating margin -1.0%, net loss $4.9M, operating cash flow $1.6M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $114M | -13% | -23% |
| Operating profit | −$1.1M | — | — |
| Net earnings | −$4.9M | — | — |
| Operating cash flow | $1.6M | -84% | -54% |
| Free cash flow | $1.1M | -88% | -17% |
What changed
Revenue was $113.9M in Q2 FY25, down 23% year over year and down 13% from the previous quarter.
Gross margin was 6.8%, down 1.2 points from a year earlier. Operating costs exceeded revenue by $1.1M, an operating margin of -1.0%. Operating expenses grew 13% against a revenue fall of 23%. The fastest-growing cost line was Research & development (+32%). The quarter ended with a net loss of $4.9M, after a profit of $1.1M the previous quarter. Net interest and other expense of $3.9M was the main reason.
Operating cash flow was $1.6M (down 54% year over year). Non-cash charges added back $2.5M of depreciation and amortization and $16K of share-based compensation. Working capital and other items added $4.0M. Capital expenditures of $444K left free cash flow of $1.1M.
Questions
What was Key Tronic's revenue in the second quarter fiscal 2025?
Key Tronic (KTCC) reported revenue of $114M for the second quarter fiscal 2025 (Q2 FY25), -23% from a year earlier and -13% from the quarter before.
Was Key Tronic profitable in the second quarter fiscal 2025?
Operating loss was $1.1M (-1.0% of revenue) and net loss $4.9M.
Source: Key Tronic 10-Q on SEC EDGAR.