Concierge Technologies reported QQ1 2025 revenue of USD 7.91 million, with a robust gross margin of 73.1% (gross profit USD 5.782 million) but a meaningful operating loss of USD -2.17 million and a net loss of USD -1.586 million. Year-over-year revenue declined 17.1% and fell 16.3% quarter-over-quarter, driven by ongoing project costs and mix effects across the company’s diversified portfolio. EBITDA stood at USD -0.975 million, translating to an EBITDA margin of -12.3%, and the operating margin was -27.4%. Earnings per share were negative at USD -0.04.
The balance sheet remains cash-positive and relatively levered toward equity, with total assets of USD 35.88 million and total stockholders’ equity of USD 25.53 million. Cash and cash equivalents totaled USD 6.67 million at period end, and net debt registered a negative USD 1.31 million, reflecting a cash cushion that provides liquidity for strategic investments in FinTech and other growth initiatives. However, operating cash flow was negative at USD -0.893 million, and free cash flow was negative at USD -0.94 million, underscoring the near-term need for improved operating efficiency or revenue acceleration to convert the earnings decline into positive cash generation.
Management commentary on QQ1 2025 was not provided in the supplied data, limiting the ability to quote specific management directions or qualitative reassurances. In the absence of explicit forward guidance, investors should monitor progress on cost discipline, monetization of higher-growth segments (notably the FinTech software initiative), and the breadth of asset management revenues as catalysts for a potential turnaround.