Filing Flows › MDWerks (MDWK) › Q1 2025
MDWerks (MDWK) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
MDWerks (MDWK) reported revenue of $514K for the first quarter 2025 (Q1 2025), -25% from a year earlier and +47% from the quarter before. Operating margin was -120.2%, net loss $629K (122.5% of revenue).
MDWerks, Q1 2025: revenue $514K (-25% year over year), operating margin -120.2%, net loss $629K, operating cash flow −$421K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $514K | +47% | -25% |
| Operating profit | −$618K | — | — |
| Net earnings | −$629K | — | — |
| Operating cash flow | −$421K | — | — |
What changed
Revenue was $514K in Q1 2025, down 25% year over year and up 47% from the previous quarter. RF Specialties was the largest line at 51% of revenue. Two Trees Distilling lost $262K year over year (down 51%), 153% of the total change.
Gross margin was 25.8%, down 17.3 points from a year earlier. Operating costs exceeded revenue by $618K, an operating margin of -120.2%. Operating expenses grew 25% against a revenue fall of 25%. The fastest-growing cost line was Other operating costs (+77%). The quarter ended with a net loss of $629K, narrower than the previous quarter's $712K loss.
Operating cash flow was −$421K. Non-cash charges added back $87K of depreciation and amortization and $66K of share-based compensation. Working capital and other items added $55K. Capital expenditures of $604K exceeded it, leaving free cash flow of −$1.0M.
Questions
What was MDWerks' revenue in the first quarter 2025?
MDWerks (MDWK) reported revenue of $514K for the first quarter 2025 (Q1 2025), -25% from a year earlier and +47% from the quarter before.
Was MDWerks profitable in the first quarter 2025?
Operating loss was $618K (-120.2% of revenue) and net loss $629K.
Source: MDWerks 10-Q on SEC EDGAR.