BLIS Technologies (BLT) Q1 2025 TU earnings summary

Executive summary

• Achieved 23% revenue growth and EBITDA of $0.5m for 1Q25, compared to breakeven in 1Q24.

• Revenue reached $3.4m, up $0.6m year-over-year, with growth in both B2B and B2C channels.

Financial highlights

• B2B revenue increased 19% year-over-year, partly due to carryover US orders specific to this quarter.

• B2C revenue grew 31%, driven by NZ wholesale, Amazon USA, and BLIS webstore; Daigou revenues declined.

• EBITDA improved by $0.5m from breakeven in 1Q24.

Outlook and guidance

• Forecasts double-digit revenue growth for FY25 over FY24.

• Expects EBITDA similar to last year, factoring in a $0.5m investment for China regulatory access.