Star Equity Holdings Inc. reported its financial results for the first quarter of 2025, highlighting a significant improvement in operating performance. The company achieved a non-GAAP adjusted net income of $1.7 million, or $0.52 per basic and diluted share, a turnaround from the non-GAAP adjusted net loss of $1.4 million, or $0.44 per basic and diluted share, recorded in the same period last year. Non-GAAP adjusted EBITDA for Q1 2025 showed a loss of $0.8 million, an improvement from the $1.1 million loss in the prior year quarter. This positive change is attributed mainly to the enhanced performance of the Building Solutions division. Cash flow from operations saw a considerable improvement, with an inflow of $563 thousand in Q1 2025, compared to an outflow of $2.4 million in Q1 2024. This increase in net cash from operating activities is largely due to favorable operational results and strong accounts receivable collections. The company reported a record backlog of $27.9 million in its Building Solutions segment, indicating robust demand for new projects. Despite economic uncertainties and project delays affecting EdgeBuilder-Glenbrook, Star Equity Holdings remains optimistic about converting its strong sales pipeline into signed contracts in the coming months.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。