Odd Burger (ODD) Q1 2025 earnings summary

Executive summary

• Achieved operational scale with 20 units across Canada and rapid growth in the consumer-packaged goods (CPG) line.

• Focused on expanding national footprint and deploying differentiating technology.

Financial highlights

• Revenue for Q1 2025 was $685,124, up 6.2% sequentially from the previous quarter and nearly flat year-over-year.

• Gross margin improved to $256,938 or 36.6%, up from $244,790 or 33.3% in Q1 2024.

• Net loss for Q1 2025 was $1,347,896, narrowing by $1,075,420 or 79.8% from the previous quarter and nearly unchanged year-over-year.

• Net loss per share was $(0.015) for Q1 2025.

Segment performance

• Franchise revenues increased by $69,425 or 219.5% year-over-year, offset by transition of corporate units to franchise-operated units.

• Shift in strategy toward franchise model and CPG business growth.