Globenewswireยท2025-05-12 20:01Core Viewpoint - Resolute Holdings Management, Inc. reported a challenging first quarter for fiscal 2025, with a net loss attributable to common stockholders of $3.366 million and a diluted earnings per share of ($0.39) [1][4][24]. Financial Performance - The company experienced a management fee revenue of $1.129 million for the first quarter, with total selling, general, and administrative expenses amounting to $3.926 million, leading to an operating loss of $2.797 million [4][24]. - The net income (loss) before income taxes was reported at ($2.798 million), with an income tax expense of $0.568 million, resulting in a net loss of $3.366 million for the quarter [4][24]. - Non-GAAP Fee-Related Earnings were calculated at ($0.606 million), translating to a Fee-Related Earnings per share of ($0.07) [5][24]. Strategic Developments - The first quarter was marked by the completion of the spin-off from CompoSecure, which is expected to lead to limited profitability for the full year, with management anticipating approximately $3.0 million in quarterly management fee revenue [2][3]. - The company is focusing on improving operations and driving organic growth at CompoSecure, while also evaluating potential acquisitions to enhance its portfolio [3][9]. Structural Changes - Following the spin-off, Resolute Holdings is required to consolidate the financial results of CompoSecure Holdings in accordance with U.S. GAAP, which may not fully reflect the standalone business model's economic performance [3][4]. - The company is positioned to leverage its unique combination of permanent capital and differentiated operating capabilities for future growth [2][3].