Filing Flows › Portsmouth Square (PRSI) › Q2 FY25
Portsmouth Square (PRSI) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Feb 14, 2025
Portsmouth Square (PRSI) reported revenue of $10.0M for the second quarter fiscal 2025 (Q2 FY25), -3% from a year earlier and -16% from the quarter before. Operating margin was -2.6%, net loss $4.0M (40.5% of revenue).
Portsmouth Square, Q2 FY25: revenue $10.0M (-2% year over year), operating margin -2.6%, net loss $4.0M, operating cash flow −$3.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.0M | -16% | -3% |
| Operating profit | −$264K | — | — |
| Net earnings | −$4.0M | — | — |
| Operating cash flow | −$3.0M | — | — |
What changed
Revenue was $10.0M in Q2 FY25, down 3% year over year and down 16% from the previous quarter. Hotel Rooms was the largest line at 84% of revenue. Food and Beverage lost $318K year over year (down 33%), 122% of the total change.
Operating costs exceeded revenue by $264K, an operating margin of -2.6%. Total costs fell 4% while revenue fell 3%. The quarter ended with a net loss of $4.0M, wider than the previous quarter's $1.9M loss. Net interest and other expense of $3.8M was the main reason.
Operating cash flow was −$3.0M. Non-cash charges added back $878K of depreciation and amortization. Working capital and other items added $177K. Capital expenditures of $346K exceeded it, leaving free cash flow of −$3.3M.
Questions
What was Portsmouth Square's revenue in the second quarter fiscal 2025?
Portsmouth Square (PRSI) reported revenue of $10.0M for the second quarter fiscal 2025 (Q2 FY25), -3% from a year earlier and -16% from the quarter before.
Was Portsmouth Square profitable in the second quarter fiscal 2025?
Operating loss was $264K (-2.6% of revenue) and net loss $4.0M.
Source: Portsmouth Square 10-Q on SEC EDGAR.