Financial Performance - HomesToLife Ltd reported a net revenue of $5.2 million in Q1 2025, a 405% increase from $1.0 million in Q1 2024, driven by $4.4 million from HTL Far East[2][8] - The net income for Q1 2025 was $125,000, or $0.01 per share, compared to a net loss of $74,000, or $(0.01) per share in Q1 2024, marking a 269% improvement[3][8] - Cash flow from operating activities turned positive at $1.4 million in Q1 2025, compared to a net outflow of $1.5 million in the same period last year[8][19] - For the full year 2025, total revenue is projected to be between $260 million and $290 million, with HTL Marketing expected to contribute between $250 million and $280 million[10][11] Operating Expenses - Operating expenses increased by $394,000, including $336,000 in Nasdaq listing-related costs, leading to total operating expenses of $1.2 million in Q1 2025[4][8] Gross Margin - The overall gross margin decreased to 26% in Q1 2025 from 68% in Q1 2024, primarily due to a lower gross margin of 17% from HTL Far East[3][8] - HomesToLife Ltd's Singapore retail business saw a 19% decline in revenue year-over-year to $840,000, but improved its gross margin to 73% from 68%[2][8] Cash Position - As of March 31, 2025, cash and cash equivalents increased to $3.9 million, up from $3.4 million at December 31, 2024[9][16] Shareholder Information - The weighted average number of shares increased to 14.69 million in Q1 2025 from 13.25 million in Q1 2024, impacting per-share calculations[6][8] Business Expansion - The company is expanding its global footprint with the acquisition of HTL Marketing Pte Ltd, enhancing its B2B capabilities[5][8]
HomesToLife Ltd(HTLM) - 2025 Q1 - Quarterly Report