Plaintree Systems Inc. Announces Second Quarter Fiscal 2025 Results
Plaintree Systems reported Q2 fiscal 2025 results with revenues of $6.8M, up from $5.2M in Q2 2024. Six-month revenues reached $14.1M, compared to $12.9M in the previous year. However, the company recorded a quarterly net loss of $(610,524), versus a loss of $(43,868) in Q2 2024. The six-month period showed net income of $515,554, down from $621,005 in fiscal 2024. Management attributed the quarterly loss to timing and cost realizations on large multi-quarter projects.
Plaintree Systems ha riportato i risultati del secondo trimestre dell'anno fiscale 2025, con ricavi di $6,8 milioni, in aumento rispetto a $5,2 milioni nel secondo trimestre del 2024. I ricavi semestrali hanno raggiunto $14,1 milioni, rispetto a $12,9 milioni dell'anno precedente. Tuttavia, l'azienda ha registrato una perdita netta trimestrale di $(610.524), contro una perdita di $(43.868) nel secondo trimestre del 2024. Nel periodo di sei mesi, l'utile netto è stato di $515.554, in calo rispetto a $621.005 dell'anno fiscale 2024. La direzione ha attribuito la perdita trimestrale a questioni di tempistica e realizzazione dei costi su grandi progetti a lungo termine.
Plaintree Systems informó los resultados del segundo trimestre del año fiscal 2025, con ingresos de $6.8 millones, en comparación con $5.2 millones en el segundo trimestre de 2024. Los ingresos semestrales alcanzaron $14.1 millones, frente a $12.9 millones del año anterior. Sin embargo, la empresa registró una pérdida neta trimestral de $(610,524), en comparación con una pérdida de $(43,868) en el segundo trimestre de 2024. En el período de seis meses, mostró una ganancia neta de $515,554, a la baja desde $621,005 en el año fiscal 2024. La gerencia atribuyó la pérdida trimestral a la sincronización y realización de costos en importantes proyectos a largo plazo.
Plaintree Systems는 2025 회계연도 2분기 실적을 발표했으며, 수익은 $6.8M으로, 2024년 2분기의 $5.2M에서 상승했습니다. 6개월간 수익은 $14.1M으로, 전년도 $12.9M과 비교되었습니다. 그러나 회사는 분기 순손실이 $(610,524)로, 2024년 2분기의 $(43,868) 손실에 비해 감소했습니다. 6개월 기간 동안 순이익은 $515,554로, 회계연도 2024의 $621,005에서 줄어들었습니다. 경영진은 분기 손실을 대규모 다년 프로젝트의 시기와 비용 실현으로 설명했습니다.
Plaintree Systems a annoncé les résultats du deuxième trimestre de l'exercice fiscal 2025, avec des revenus de $6,8 millions, contre $5,2 millions au T2 2024. Les revenus semestriels ont atteint $14,1 millions, comparés à $12,9 millions l'année précédente. Cependant, l'entreprise a enregistré une perte nette trimestrielle de $(610.524), contre une perte de $(43.868) au T2 2024. Le semestre a montré un bénéfice net de $515.554, en baisse par rapport à $621.005 de l'exercice fiscal 2024. La direction a attribué la perte trimestrielle à des questions de timing et de réalisation des coûts sur de grands projets pluriannuels.
Plaintree Systems berichtete über die Ergebnisse des zweiten Quartals des Geschäftsjahres 2025 mit einem Umsatz von $6,8 Millionen, gegenüber $5,2 Millionen im zweiten Quartal 2024. Die sechsmonatigen Umsätze erreichten $14,1 Millionen, im Vergleich zu $12,9 Millionen im Vorjahr. Das Unternehmen verzeichnete jedoch einen vierteljährlichen Nettoverlust von $(610.524), verglichen mit einem Verlust von $(43.868) im zweiten Quartal 2024. Der Zeitraum von sechs Monaten zeigte einen Nettogewinn von $515.554, ein Rückgang gegenüber $621.005 im Geschäftsjahr 2024. Das Management führte den vierteljährlichen Verlust auf Zeitpunkte und Kostenrealisierungen bei großen Mehrjahresprojekten zurück.
- Q2 revenue increased 32% YoY to $6.8M
- Six-month revenue grew 9.3% to $14.1M
- Company maintains profitability on a six-month basis with $515,554 net income
- Q2 net loss widened significantly to $(610,524) from $(43,868) YoY
- Six-month net income declined 17% to $515,554 from $621,005
- Project timing and cost issues impacting quarterly performance
ARNPRIOR, ON / ACCESSWIRE / November 22, 2024 / Plaintree Systems Inc. (CSE:NPT) ("Plaintree" or the "Company").
Quarterly Statements for the Second Quarter of Fiscal 2025 ending September 30, 2024.
Plaintree announced today that it has released its unaudited interim consolidated financial statements and related management's discussion and analysis for the six months ending September 30, 2024.
For the quarter ending September 30, 2024, Plaintree realized revenues from operations of
Net loss was
"The company remains profitable on a year-to-date basis, but this quarterly loss reflects timing and cost realizations on large projects that span multiple quarters and years." said David Watson.
Additional information relating to the Company, including the financial statements, may be found on SEDAR at www.sedarplus.ca or the Company's website at www.plaintree.com.
About Plaintree Systems
Plaintree has two diversified product divisions consisting of Specialty Structures and Applied Electronics.
The Specialty Structures division includes the Triodetic Group with over 40 years of experience, is a design/build manufacturer of steel, aluminum and stainless steel specialty structures such as commercial domes, foundations for unstable soil conditions and flood zones, for free form structures, barrel vaults, space frames and industrial dome coverings, and Spotton Corporation, a design and manufacturer of high end custom hydraulic and pneumatic valves and cylinders.
The Applied Electronics division includes the legacy Hypernetics, Summit Aerospace USA Inc. and Elmira Stove Works Inc. businesses. Hypernetics was established in 1972 and is a manufacturer of avionic components for various applications including aircraft antiskid braking, aircraft instrument indicators, solenoids, high purity valves and permanent magnet alternators. Summit Aerospace USA Inc. provides high precision machining to the aerospace and defense markets. Our facility includes 5 axis CNC precision machining of complex castings and large ring parts such as turbine and assembly shrouds as well as assembly & pressure seals. Summit will support requirements from concept, prototype and throughout production. Elmira Stove Works Inc a manufacturer of high-end heritage and retro-styled kitchen appliances under the brand names "Northstar", "Fireview" and "Heritage".
Plaintree's shares are traded under the symbol "NPT". Shareholders and Investors can access Company information on CSE's website and receive full Company disclosure monthly. For more information on Plaintree or to receive stock quotes, complete with trading summaries, bid size and ask price, brokerage house participation, insider reports, news releases, disclosure information, and CSE and SEDAR filings, visit the CSE website at https://thecse.com/listings/plaintree-systems-inc/ or the Company's website at www.plaintree.com.
Plaintree is publicly traded in Canada on the CSE (NPT) with 12,925,253 common shares and 18,325 class A preferred shares outstanding.
This press release may include statements that are forward-looking and based on current expectations. The actual results of the company may differ materially from current expectations. The business of the company is subject to many risks and uncertainties, including changes in markets for the company's products, delays in product development and introduction to manufacturing and intense competition. For a more detailed discussion of the risks and uncertainties related to the company's business, please refer to documents filed by the company with the Canadian regulatory authorities, including the annual report of the Company for the fiscal year ended March 31, 2024 and related management discussion and analysis.
Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
For further information: Robert Turley, CFO (613) 623-3434 x2282
SOURCE: Plaintree Systems, Inc.
View the original press release on accesswire.com
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