NASDAQ$LFCR

Lifecore Biomedical Inc · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

Lifecore Biomedical reported financial results for the first quarter of fiscal 2025.

Lifecore Biomedical reported a revenue increase of $0.2 million compared to the same period last year, driven by HA manufacturing revenues, but experienced a net loss of $16.2 million, which is higher than the net loss of $10.8 million in the comparable period of 2023. The company signed four new customers and multiple expansion agreements and successfully closed a $24.3 million private placement. They also reaffirmed their fiscal year 2025 revenue guidance of $126.5 to $130 million and Adjusted EBITDA guidance of $19 to $21 million.

  • Revenues for the quarter ended August 25, 2024, were $24.7 million, compared to $24.5 million for the comparable 2023 period.
  • Signed four new customers and multiple expansion agreements for existing customer projects.
  • Successfully closed a $24.3 million private placement, providing financial runway for current liquidity needs and future growth.
  • Reaffirmed fiscal year 2025 revenue guidance of $126.5 to $130 million and Adjusted EBITDA guidance of $19 to $21 million.

Headline financials

Total Revenue

$24.7M

Previous: $24.5M+0.7%
EPS (adj)

-$0.53

Previous: -$0.35-51.4%
Capital Expenditures

-$3.39M

Previous: -$5.05M+32.9%
Net Income

-$16.2M

Previous: -$10.8M-50.9%
Operating Income

-$11.6M

Previous: -$8.61M-34.5%
Gross Profit

$5.39M

Previous: $2.73M+97.5%
R&D Expense

$2.19M

Previous: $2.15M+1.9%
Stock-Based Comp

$2.42M

Previous: $1.53M+57.8%

Revenue & EPS history

Lifecore Biomedical · Revenue · Quarterly

$24.7M

Q1 2025+0.7%vs Q1 2024
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

Lifecore Biomedical · $24.3M total across 1 segment · Q4 2023

  • CDMO Revenue
    $24.3M

Forward guidance

For the full fiscal year 2025, the company is reiterating its financial guidance and expects revenue to be approximately $126.5 to $130 million and Adjusted EBITDA to be in the range of $19 to $21 million.

Tailwinds

  • Revenue to be approximately $126.5 to $130 million.
  • Adjusted EBITDA to be in the range of $19 to $21 million.
  • Guidance considers existing market forces.
  • Guidance considers contracts.
  • Guidance considers timing of customer orders.

Headwinds

  • New business development organization usually takes multiple quarters to optimize performance.
  • Company cautions against extrapolating quarterly results to estimate full year results.
  • Financial guidance involves estimations with respect to success and timing related to growing and diversifying the company’s new business development revenue.
  • Guidance is based on the company's current beliefs.
  • Guidance is based on the company's current estimations.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-2.1%

Avg return

Earnings day

-2.7%

Avg return

5 days after

-0.4%

Avg return

30 days after

40%

25 / 63 earnings

Positive

+19.5%

Q2 2013

Best reaction

-66.7%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-3.9%-13.0%+8.9%
Q1 2026-0.1%+7.5%+12.5%
Q4 2025-6.3%-0.3%-3.0%
Q3 2025-22.3%-8.5%+7.0%
Q1 2025+8.1%-3.6%+24.8%
Q4 2024-21.0%-27.0%-21.0%
Q3 2024+8.2%+15.7%-5.0%
Q2 2024+8.2%+15.7%-5.0%
Q1 2024+8.2%+15.7%-5.0%
Q4 2023-13.2%-13.7%-16.8%
Q3 2023-0.5%+3.8%+18.1%
Q2 2023-66.7%-35.1%-23.6%
Q1 2023-5.3%-5.4%+4.0%
Q4 2022+4.7%+7.1%-6.0%
Q3 2022-8.3%-9.6%-20.8%
Q2 2022-1.8%-8.1%-2.5%
Q1 2022-9.6%-10.4%-4.7%
Q4 2021-6.8%-12.4%-10.5%
Q3 2021-10.4%-10.0%+12.0%
Q2 2021-2.2%-0.9%-0.8%
Q1 2021+1.2%+0.8%-2.7%
Q4 2020-14.4%-9.0%-9.4%
Q3 2020+15.3%+15.6%+31.6%
Q2 2020-11.3%-10.5%-1.0%
Q1 2020-3.6%-6.1%-9.4%
Q4 2019+5.2%-1.1%+3.7%
Q3 2019-9.3%-17.5%-18.7%
Q2 2019-12.4%-3.6%+8.1%
Q1 2019-0.2%-4.1%-2.5%
Q4 2018-5.7%-5.3%-5.3%
Q3 2018+6.5%+3.4%+1.9%
Q2 2018+3.2%+3.2%+4.8%
Q1 2018+11.3%+8.4%+9.6%
Q4 2017-7.7%-9.4%-8.7%
Q3 2017+10.1%+19.7%+16.0%
Q2 2017-2.5%-2.2%-10.9%
Q1 2017+5.6%+5.3%+4.4%
Q4 2016+2.1%+1.1%+10.9%
Q3 2016+0.5%
Q2 2016-0.1%
Q1 2016-4.0%
Q4 2015-1.3%
Q3 2015+1.2%
Q2 2015-1.5%
Q1 2015-2.0%
Q4 2014+5.0%
Q3 2014-2.7%
Q2 2014+1.1%
Q1 2014-8.4%
Q4 2013-2.7%
Q3 2013+4.0%
Q2 2013+19.5%
Q4 2010-1.7%
Q1 2013-0.3%
Q4 2012+0.9%
Q3 2011-0.5%
Q3 2012-0.5%
Q2 2011-0.5%
Q2 2012-0.5%
Q1 2011+1.5%
Q1 2012+1.5%
Q4 2011+1.5%
Q3 2010+5.9%

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