Filing Flows › Medalist Diversified (MDRR) › Q1 2025
Medalist Diversified (MDRR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Medalist Diversified (MDRR) reported revenue of $2.3M for the first quarter 2025 (Q1 2025), -10% from a year earlier and -8% from the quarter before. Operating margin was -23.8%, net loss $1.0M (44.2% of revenue).
Medalist Diversified, Q1 2025: revenue $2.3M (-10% year over year), operating margin -23.8%, net loss $1.0M, operating cash flow $460K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.3M | -8% | -10% |
| Operating profit | −$553K | -223% | — |
| Net earnings | −$1.0M | — | — |
| Operating cash flow | $460K | +19% | -7% |
| Free cash flow | $322K | +119% | +21% |
What changed
Revenue was $2.3M in Q1 2025, down 10% year over year and down 8% from the previous quarter. Retail center property was the largest line at 64% of revenue. Retail center property lost $357K year over year (down 19%), 143% of the total change.
Operating costs exceeded revenue by $553K, an operating margin of -23.8%. The quarter ended with a net loss of $1.0M, wider than the previous quarter's $172K loss. Minority interests bore $20K of it: to shareholders the quarter was a loss of $1.0M. Net interest and other expense of $573K was the main reason.
Operating cash flow was $460K (down 7% year over year). Non-cash charges added back $1.0M of depreciation and amortization and $397K of share-based compensation. Working capital and other items added $124K. Capital expenditures of $138K left free cash flow of $322K.
Questions
What was Medalist Diversified's revenue in the first quarter 2025?
Medalist Diversified (MDRR) reported revenue of $2.3M for the first quarter 2025 (Q1 2025), -10% from a year earlier and -8% from the quarter before.
Was Medalist Diversified profitable in the first quarter 2025?
Operating loss was $553K (-23.8% of revenue) and net loss $1.0M.