Oct. 17 at 2:49 PM
$JBDI reports fiscal 2025 results.
Topline of
$8.4 million drops 📉10.1% y/y on lower demand in Singapore for reconditioned containers and related services.
Gross margin of 39.7% contracted 📉580 bps y/y on lower margins on reconditioned container sales and fluctuations in raw material costs.
Net loss widened 📉 to
$2.7 million reflecting revenue contraction and higher administrative expenses.
Cash and cash equivalents of
$2.7 million increased ⬆️13.5 times y/y due to proceeds from the IPO and financing activities.
👍Management is hopeful of gradual revenue recovery driven by renewed customer demand and cost optimization initiatives.
Check out for more 👉.
https://www.zacks.com/stock/quote/JBDI?cid=sm-stocktwits-0-quote_overview-oc-16578&ADID=SYND_STOCKTWITS_TWEET_0_QUOTEOVERVIEW_OC_16578