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Londax (LDXC) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Jan 10, 2025
Londax (LDXC) reported revenue of $28K for the second quarter fiscal 2025 (Q2 FY25), +87% from a year earlier and +7% from the quarter before. Operating margin was 45.2%, net earnings $12K (45.2% of revenue).
Londax, Q2 FY25: revenue $28K (+87% year over year), operating margin 45.2%, net earnings $12K, operating cash flow $6K. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $28K | +7% | +87% |
| Gross profit | $19K | -28% | +26% |
| Operating profit | $12K | +21% | +12% |
| Net earnings | $12K | +21% | +12% |
| Operating cash flow | $6K | -86% | — |
What changed
Revenue was $28K in Q2 FY25, up 87% year over year and up 7% from the previous quarter.
Gross margin was 67.3%, down 32.7 points from a year earlier. Operating profit was $12K, a 45.2% margin (down 30.3 points year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, below the 76% margin then. Operating expenses grew 69% against revenue growth of 87%. The fastest-growing cost line was General & admin (+8775%). Net earnings were $12K, up 12% year over year. The effective tax rate was 0.0%.
Operating cash flow was $6K, 50% of net earnings. Non-cash charges added back $3K of depreciation and amortization. Working capital and other items used $9K.
Questions
What was Londax's revenue in the second quarter fiscal 2025?
Londax (LDXC) reported revenue of $28K for the second quarter fiscal 2025 (Q2 FY25), +87% from a year earlier and +7% from the quarter before.
Was Londax profitable in the second quarter fiscal 2025?
Operating profit was $12K (45.2% of revenue) and net earnings $12K.
Source: Londax 10-Q on SEC EDGAR.