Spotlio (SPOT) Q2 24/25 earnings summary

Executive summary

• Q2 FY25 revenues reached $1.4M, up 24% year-over-year, driven by SaaS and transactional revenue growth.

• Achieved commercial transformation with strong momentum in pricing-as-a-service products for Ski and Park & Attractions segments, boosting confidence for the winter season in North America and Europe.

• EBITDA improved to -$0.5M from -$1.5M in the prior year, reflecting cost rationalization.

• Focused on disciplined financial management, operational efficiency, and profitability to support future growth.

• Gross profit margin rose to 75% due to higher SaaS revenue mix.

Financial highlights

• Revenue for H1 FY24/25 was $2.85M, up from $2.35M in the same period last year.

• Net loss for Q2 was $1.28M, an improvement from $2.26M loss in the prior year.

• Net loss for H1 was $2.51M, improved from $4.60M loss year-over-year.

• Operating loss before depreciation and amortization was $808K, compared to $3.14M loss last year.

• Basic and diluted EPS remained at -0.01.

Key financial ratios and metrics

• Gross profit margin at 75% in Q2.

• EBITDA margin improved significantly year-over-year.

• Recurring revenue exceeded 95%.

• Total assets at period end were $12.27M, down from $15.65M a year ago.

• Basic and diluted EPS was -0.01, compared to -0.02 in the prior year.