Bloomia Holdings Reports 16% Q3 Revenue Growth to $14.4M with $0.8M Net Loss
TULP•Bloomia Holdings generated net revenue of $14.4 million in Q3 ended March 31, up from $12.4 million a year earlier, while gross margin dropped to 19.8% from 31.3%. It posted net loss $0.8M ($0.43 per share) and operating loss $0.02M as raw material costs and tariffs pressured margins.
1. Q3 Fiscal Results
For the quarter ended March 31, Bloomia Holdings achieved net revenue of $14.4 million, a 16% increase year-over-year driven by higher selling prices and timing of Easter sales. Gross profit declined to $2.9 million (19.8% of sales) from $3.9 million (31.3%) in the prior year period, leading to an operating loss of $0.02 million and a net loss of $0.8 million ($0.43 per diluted share), with EBITDA of $0.9 million.
2. Nine-Month Results
Over the nine months ended March 31, total revenue rose to $26.3 million from $25.3 million a year earlier, while gross margin compressed to 12.5% from 18.8%, resulting in an operating loss of $5.4 million and a net loss of $6.8 million ($3.33 per share). EBITDA swung to a $2.9 million loss and cash used in operations increased to $11.1 million from $7.3 million.
3. Balance Sheet and Financing
During the quarter, the company closed a rights offering and repurchased high-interest debt at a 50% discount, significantly de-leveraging the balance sheet. Despite higher cash burn, the financing actions lower interest expenses and extend runway.
4. Management Commentary and Outlook
Management highlighted that rising bulb costs, tariffs and a strong Euro pressured margins but noted improving external conditions and maintained market share. The team anticipates stronger fourth-quarter demand and a more profitable fiscal 2027 as cost headwinds ease and stem availability improves.
