Glow Lifetech (GLOW) Q1 2025 earnings summary

Executive summary

• Achieved record Q1 2025 revenue, up 238% year-over-year and 44% sequentially, marking the third consecutive quarter of 40%+ sequential revenue growth.

• Gross margin remained strong at 66%, with EBITDA loss narrowing to near breakeven.

• Expanded retail presence to over 850 stores in Ontario and launched new products in Atlantic Canada.

• Strengthened market leadership with flagship MOD™ brand, now holding the #2 ranked SKU in Ontario's oil category.

Financial highlights

• Net revenue reached $478,327, a 238% increase year-over-year and 44% sequentially.

• Gross profit was $318,024, up 211% year-over-year and 41% sequentially.

• Gross margin was 66%, slightly down from 70% in Q1 2024 due to larger-format SKUs.

• EBITDA loss improved to $65,116, a 44% improvement from the previous quarter.

• Cash balance stood at $1,101,804 with a working capital surplus of $1,687,078, reversing a prior deficit.

Outlook and guidance

• Focus remains on deepening Ontario presence, launching new SKUs, and expanding national distribution.

• Continued momentum expected in Q2 2025, with emphasis on scaling MOD™ and .decimal™ brands.