TULP 最新10-Q变化

相对上期新增的文字 · 来源:10-Q · 2026-05-13

• (Loss) income from continuing operations before income taxes

• Less: Net income (loss) attributable to noncontrolling interest

• Three and Nine Months Ended March 31, 2026 Compared to Three and Nine Months Ended March 31, 2025

• Revenue, Net. Revenue, net for the three months ended March 31, 2026 and 2025 was $14,436,000 and $12,443,000, respectively. The increase is primarily due to higher prices in the current fiscal year. Stems sold were approximately 3% less than prior year due to lower Valentine’s Day sales, partially …

• Revenue, net for the nine months ended March 31, 2026 and 2025 was $26,328,000 and $25,263,000, respectively. The increase is due to higher prices in the current fiscal year. Stems sold were approximately 10% less than prior year due to a lower Valentine’s Day sales and the Company strategically gro…

相对上期删除的文字 · 来源:10-Q · 2026-02-13

• Three and Six Months Ended December 31, 2025 Compared to Three and Six Months Ended December 31, 2024

• Revenue, Net. Revenue, net for the three months ended December 31, 2025 and 2024 was $6,739,000 and $6,192,000, respectively. The increase is primarily due to higher prices in the current year.

• Revenue, net for the six months ended December 31, 2025 and 2024 was $11,892,000 and $12,820,000, respectively. The decrease in revenue is due to strategically growing tulips earlier in the calendar year to meet higher demand near Mother’s Day, resulting in fewer stems to sell this fiscal year. Addi…

• Gross Margin. Gross margin for the three months ended December 31, 2025 was $484,000, or 7.2% as a percentage of revenue, compared to gross loss of $582,000, or (9.4)%, for the three months ended December 31, 2024. The current year benefitted from a $300,000 grant received from the U.S. federal gove…

• Gross margin for the six months ended December 31, 2025 was $424,000, or 3.6% as a percentage of revenue, compared to $858,000, or 6.7%, for the six months ended December 31, 2024. The Company strategically accelerated the growing of stems to meet spring demand, which led to less stems available for…

相对上期新增的文字 · 来源:10-Q · 2026-05-13

• As described in Note 6 of the condensed consolidated financial statements, the temporary increase in the revolving facility capacity under the Credit Agreement from $6,000,000 to $10,000,000 expired on April 30, 2026, and the outstanding balance of the revolving facility (approximately $9,086,000 as…

• Risks related to our plan to use proceeds from the rights offering to settle debt at a discount.

• The Company recently conducted a rights offering that commenced in February 2026 and expired on April 1, 2026. The Company received gross proceeds from the rights offering of $12,100,000, of which approximately $5,000,000 was cash and $7,100,000 was conversion of outstanding debt. As previously disc…

• The Rights Offering may limit our ability to use some or all of our net operating loss carryforwards in the future.

• As a result of prior operating losses, we have net operating loss, or “NOL,” carryforwards for federal income tax purposes. Our ability to utilize our NOL carryforwards to reduce taxable income in future years could become subject to significant limitations under Section 382 (“Section 382”) of the I…

相对上期删除的文字 · 来源:10-Q · 2026-02-13

• The government shut down may impact our ability to obtain seasonal workers.

• The Company has traditionally sourced seasonal labor for the peak growing season from January to May primarily through the H-2A agricultural guest worker program. Due to the federal government shut during the quarter ended December 31, 2025, the Department of Labor was not processing H-2A certificat…

• As described above and in our registration statement on Form S-1 filed with the Securities and Exchange Commission on January 23, 2026, the Company intends to offer non-transferable subscription rights to purchase up to $15,500,000 in shares of common stock which will result in the issuance of addit…

• The sale of substantial amounts of our common stock could adversely affect the price of our common stock. Sales of substantial amounts of our common stock in the public market, and the availability of shares of our common stock for future sale, including shares of our common stock to be issued in th…

• The Company will have broad discretion in determining how the remaining net proceeds from the Rights Offering will be used. Our flexibility in the use of the remaining net proceeds may result in increased risks to the investors in our common stock, as our stockholders may not agree with the manner i…