Bloomia Holdings faces tightening liquidity as Q1 revenue fell to $5.0 million and revolver debt more than doubled to $8.6 million, despite a narrowed net loss of $2.4 million.
First fiscal quarter ended September 30, 2026 shows revenue slipping to $5.0 million from $5.2 million and the gross loss widening to $0.2 million (-4.5% of sales) from $0.06 million, partly on a $0.4 million one-time bulb write-off. Cash fell to $0.7 million from $1.5 million at June 30, 2026 while revolver borrowings rose to $8.6 million from $4.0 million, signaling thin liquidity. The smaller net loss of $2.4 million vs $2.9 million offers only partial offset.
Bloomia Holdings reported a revenue decline to $5.0 million for the first fiscal quarter ended September 30, 2026, down from $5.2 million in the prior year. The company's liquidity remains under pressure as cash reserves dropped to $0.7 million from $1.5 million, while revolver borrowings increased significantly to $8.6 million from $4.0 million at the end of June.
Revenue was $5.0 million (down from $5.2 million a year earlier), the net loss attributable to shareholders narrowed to $2.4 million ($0.50 per diluted share) from $2.9 million, and adjusted EBITDA loss improved to $1.9 million from $2.4 million.
Cash fell to $0.7 million from $1.5 million at June 30, 2026, and revolver borrowings rose to $8.6 million from $4.0 million, which is tight; management states cash, operating cash flow and revolver availability should be adequate for at least the next twelve months, and notes working capital seasonally peaks in December.