Filing Flows › Quanome Technologies (QNME) › Q2 FY25
Quanome Technologies (QNME) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Feb 14, 2025
Quanome Technologies (QNME) reported revenue of $3.6M for the second quarter fiscal 2025 (Q2 FY25), -27% from a year earlier and -12% from the quarter before. Operating margin was -55.6%, net loss $1.9M (54.1% of revenue).
Quanome Technologies, Q2 FY25: revenue $3.6M (-27% year over year), operating margin -55.6%, net loss $1.9M, operating cash flow −$530K. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.6M | -12% | -27% |
| Operating profit | −$2.0M | — | — |
| Net earnings | −$1.9M | — | — |
| Operating cash flow | −$530K | — | — |
What changed
Revenue was $3.6M in Q2 FY25, down 27% year over year and down 12% from the previous quarter. Crossborder Airfreights Solutions was the largest line at 56% of revenue. Crossborder Airfreights Solutions lost $1.1M year over year (down 35%), 83% of the total change.
Operating costs exceeded revenue by $2.0M, an operating margin of -55.6%. The quarter ended with a net loss of $1.9M, wider than the previous quarter's $1.3M loss.
Operating cash flow was −$530K. Non-cash charges added back $33K of depreciation. Working capital and other items added $1.4M. Capital expenditures of $30K exceeded it, leaving free cash flow of −$561K.
Questions
What was Quanome Technologies' revenue in the second quarter fiscal 2025?
Quanome Technologies (QNME) reported revenue of $3.6M for the second quarter fiscal 2025 (Q2 FY25), -27% from a year earlier and -12% from the quarter before.
Was Quanome Technologies profitable in the second quarter fiscal 2025?
Operating loss was $2.0M (-55.6% of revenue) and net loss $1.9M.