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[2] - Basic and diluted net loss per share improved to $0.07 in Q2 FY2025 from $1.44 in Q2 FY2024[2] - The company’s total revenue for Q2 FY2025 was $2.96 million, while total revenue for the six months ended September 30, 2024, was $3.45 million[5] Operating Expenses - Total operating expenses increased by 147.5% to $3.98 million in Q2 FY2025 compared to $1.6 million in Q2 FY2024, primarily due to restructuring and acquisition costs[2] - Total operating expenses for the six months ended September 30, 2024, rose by 158% to $8 million compared to $3.1 million for the same period in FY2023[2] Revenue Contributions - Revenue from Amplex Electric was $3 million with an income contribution of $410,000 during Q2 FY2025[2] Cash Position - Cash and cash equivalents as of September 30, 2024, were $29.48 million, up from $18.98 million as of March 31, 2024[6] Strategic Direction - Old Market Capital is transitioning from a specialized consumer finance company to a holding company focused on broadband services and potential acquisitions[3] - The company aims to reduce operating expenses and seek additional investment opportunities to enhance shareholder value[2] Funding - Old Market Capital received a $21.3 million RUS Loan approval for Amplex, which can be drawn over the next five years[2]
Old Market Capital Corporation(OMCC) - 2025 Q2 - Quarterly Results