Filing Flows › SRX Global (SRXH) › Q1 FY25
SRX Global (SRXH) Q1 FY25 earnings results (first quarter fiscal 2025)
10-K filed Mar 31, 2025
SRX Global (SRXH) reported revenue of $7.2M for the first quarter fiscal 2025 (Q1 FY25), +26% from a year earlier and -37% from the quarter before. Operating margin was -23.0%, net loss $1.5M (21.2% of revenue).
SRX Global, Q1 FY25: revenue $7.2M (+26% year over year), operating margin -23.0%, net loss $1.5M, operating cash flow $1.5M. The chart follows the revenue to costs, profit and cash.
| Q1 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.2M | -37% | +26% |
| Operating profit | −$1.6M | — | — |
| Net earnings | −$1.5M | — | — |
| Operating cash flow | $1.5M | — | +48% |
| Free cash flow | $1.5M | — | +48% |
What changed
Revenue was $7.2M in Q1 FY25, up 26% year over year and down 37% from the previous quarter.
Gross margin was 36.4%, up 27.0 points from a year earlier. Operating costs exceeded revenue by $1.6M, an operating margin of -23.0%. Operating expenses fell 68% while revenue rose 26%. The quarter ended with a net loss of $1.5M, after a profit of $1.5M the previous quarter.
Operating cash flow was $1.5M (up 48% year over year). Non-cash charges added back $920K of depreciation and amortization and $424K of share-based compensation. Working capital and other items added $1.6M. Capital expenditures of $12K left free cash flow of $1.5M.
Questions
What was SRX Global's revenue in the first quarter fiscal 2025?
SRX Global (SRXH) reported revenue of $7.2M for the first quarter fiscal 2025 (Q1 FY25), +26% from a year earlier and -37% from the quarter before.
Was SRX Global profitable in the first quarter fiscal 2025?
Operating loss was $1.6M (-23.0% of revenue) and net loss $1.5M.
Source: SRX Global 10-K on SEC EDGAR.