Q1 2025 BuildDirect.com Technologies Inc Earnings Call Transcript
Key Points
- BuildDirect.com Technologies Inc (BDCTF) reported a gross margin increase to 41.3% in Q1 2025, up from 39.1% in the same quarter last year.
- The company achieved a positive adjusted EBITDA of $650,000 in Q1 2025, reflecting strong operational efficiency.
- BuildDirect.com Technologies Inc (BDCTF) completed the acquisition of key assets from Anchor Yorkshire Flooring, expanding its footprint in the Southeast US.
- The company signed a supply agreement worth up to $200 million with a large North American customer in the sports, entertainment, and recreation sector.
- BuildDirect.com Technologies Inc (BDCTF) successfully transitioned from third-party logistics providers to its own facilities, reducing fulfillment costs and improving customer service.
- Revenue for Q1 2025 decreased to $15.1 million from $15.6 million in the same quarter last year, a decline of 3.2%.
- Sales were negatively impacted by adverse weather conditions in key markets, reducing customer traffic and delaying project timelines.
- The company incurred restructuring costs of approximately $120,000 in Q1 2025, related to severance from headcount reductions.
- Interest expense increased to $349,000 in Q1 2025, primarily due to higher accrued balances on insider loans and new credit facilities.
- Cash from operations decreased by $400,000 year-over-year, mainly due to changes in noncash working capital.
All right. Let's begin. Hello, everyone. Welcome to BuildDirect's Q1 2025 Financial Results Conference call. For those who aren't familiar, BuildDirect trades on the TSXV under the ticker BILD, that's B-I-L-D built. My name is Bob Chen, and I will be the moderator for today's call.
Before we begin, I would like to note that some of the comments today will contain forward-looking information and statements under applicable securities laws that reflect management's current views with respect to future events. Any such information and statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those projected in the forward-looking information statements.
Please refer to the various materials the company has filed with the Canadian Securities Regulators for a broader description of operational and risk factors that could affect the company affect the company's performance. In addition, please note that all dollar amounts mentioned in the presentation are in US dollars unless otherwise stated. Here's a disclaimer in case if anybody
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