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Nicholas Financial(NICK) - 2025 Q2 - Quarterly Results

Financial Performance - Old Market Capital reported a net loss of $0.45 million for Q2 FY2025, a significant improvement from a net loss of $10.5 million in Q2 FY2024, resulting in a basic and diluted net loss per share of $0.07 compared to $1.44[2]. - For the six months ended September 30, 2024, the net loss attributable to common shareholders was $3.7 million, compared to a net loss of $8.9 million for the same period in 2023[2]. Revenue and Contributions - Revenue from Amplex Electric was $3 million with an income contribution of $410,000 during Q2 FY2025[2]. - Total revenue for Q2 FY2025 was $2.96 million, with wireless internet services contributing $1.76 million and fiber internet services contributing $0.77 million[5]. Operating Expenses - Total operating expenses increased by 147.5% to $3.98 million in Q2 FY2025, up from $1.6 million in Q2 FY2024, primarily due to restructuring and acquisition costs[2]. - Operating expenses for the first six months of FY2025 rose by 158% to $8 million, compared to $3.1 million for the same period in FY2024[2]. Assets and Growth Potential - The company’s total assets increased to $80.28 million as of September 30, 2024, compared to $59.84 million as of March 31, 2024[6]. - Amplex Electric received a $21.3 million RUS Loan approval, which can be drawn over the next five years, indicating potential for future growth[2]. Strategic Focus - The company is focused on reducing operating expenses and exploring additional investment opportunities to enhance shareholder value[2]. - Old Market Capital is transitioning from a specialized consumer finance company to a holding company with a controlling interest in Amplex Electric, aiming for further acquisitions[3].