ACCESS Newswire·Nov 12, 2026, 8:00 AM ET

Bloomia Holdings, Inc. Announces September 30, 2026 Financial Results

TULP

Bloomia Holdings, Inc. (Nasdaq:TULP) reported financial results for the first fiscal quarter ended September 30, 2026.
Net revenue for the quarter was $5.0 million, down from $5.2 million in the prior year comparable quarter.
The revenue decrease was primarily driven by lower stem sales due to excess waste, partially offset by increased prices.
Gross loss was $0.2 million (4.5% of sales), compared to a $0.06 million gross loss (1.2% of sales) in the prior year quarter.
A one-time non-cash write-off of $0.4 million related to ex-force bulbs contributed to the gross loss.
Operating loss increased to $3.1 million from $3.0 million in the prior year quarter, primarily due to the gross loss increase.
Selling, general, \& administrative costs declined year-over-year.
Net loss was $2.4 million attributable to Bloomia Holdings, a 17% improvement from the $2.9 million loss in the prior year quarter.
Net loss per diluted share was $0.50, compared to $1.61 in the prior year quarter.
Adjusted EBITDA improved to a loss of $1.9 million from a loss of $2.4 million in the prior year quarter, representing a 21% improvement.
Adjusted EBITDA improvement was driven by higher prices, lower general \& administrative costs, \& a lower foreign currency transaction loss.
Cash used in operations was $4.7 million, a significant decrease from $9.9 million in the prior year quarter.
Cash and cash equivalents totaled $0.7 million as of September 30, 2026, down from $1.5 million as of June 30, 2025.
Working capital was $6.5 million at September 30, 2026, compared to $7.3 million at June 30, 2026.
The company had $8.6 million drawn on its revolver as of September 30, 2026, up from $4.0 million at June 30, 2026.
Management cited lower foreign currency transaction losses, reduced interest expense, \& increased income tax benefits as factors in the reduced net loss.

Company: Bloomia Holdings, Inc.
Keywords: Agriculture, Earnings