Filing Flows › Mesa Laboratories (MLAB) › Q3 FY25
Mesa Laboratories (MLAB) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Feb 4, 2025
Mesa Laboratories (MLAB) reported revenue of $62.8M for the third quarter fiscal 2025 (Q3 FY25), +18% from a year earlier and +9% from the quarter before. Operating margin was 9.2%, net loss $1.7M (2.7% of revenue).
Mesa Laboratories, Q3 FY25: revenue $62.8M (+18% year over year), operating margin 9.2%, net loss $1.7M, operating cash flow $18.1M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $62.8M | +9% | +18% |
| Operating profit | $5.8M | — | — |
| Net earnings | −$1.7M | — | — |
| Operating cash flow | $18.1M | +244% | +57% |
| Free cash flow | $17.3M | +397% | +66% |
What changed
Revenue was $62.8M in Q3 FY25, up 18% year over year and up 9% from the previous quarter.
Gross margin was 63.3%, up 0.8 points from a year earlier. Operating profit was $5.8M, a 9.2% margin (up 9.3 points year over year). Operating expenses grew 2% against revenue growth of 18%. The fastest-growing cost line was Research & development (+18%). The quarter ended with a net loss of $1.7M, after a profit of $3.4M the previous quarter. Net interest and other expense of $8.0M was the main reason.
Operating cash flow was $18.1M (up 57% year over year). Non-cash charges added back $5.5M of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items added $11.1M. Capital expenditures of $813K left free cash flow of $17.3M.
Questions
What was Mesa Laboratories' revenue in the third quarter fiscal 2025?
Mesa Laboratories (MLAB) reported revenue of $62.8M for the third quarter fiscal 2025 (Q3 FY25), +18% from a year earlier and +9% from the quarter before.
Was Mesa Laboratories profitable in the third quarter fiscal 2025?
Operating profit was $5.8M (9.2% of revenue) and net loss $1.7M.
Source: Mesa Laboratories 10-Q on SEC EDGAR.