Concierge Technologies reported QQ2 2025 revenue of $8.004 million with a gross profit of $5.928 million, yielding a robust gross margin of 74.1%. Despite the solid gross margin, the company posted an operating loss of $1.826 million and a net loss of $1.747 million, with EPS of -$0.04. EBITDA stood at -$1.485 million, and the EBITDAR ratio was -0.186. The sequential improvement in operating margin (QoQ) from Q1 2025 to Q2 2025 (+15.85%) indicates some tightening of operating leverage, yet profitability remains a core overhang as the company absorbs fixed costs and potentially ramping investments. YoY metrics show meaningful declines in revenue (-17.05%) and profitability (operating income -335.93% YoY; net income -351.22% YoY), underscoring that the quarter is marked more by margin discipline challenges than by top-line acceleration.
The balance sheet shows a net cash position of approximately -$0.41 million (net debt = -$409k) with $5.678 million in cash and equivalents, while total assets stand around $32.998 million and equity around $23.353 million. Cash flow from operations was negative at -$0.770 million, contributing to negative free cash flow of -$0.776 million. Capital expenditures were minimal, and investing activities yielded a modest net inflow driven by investment sales, offset by investments in property and equipment. Financing activity outflows total -$0.257 million, and foreign exchange effects reduced cash by about -$0.148 million.
Overall, CNCG exhibits a strong gross margin and solid liquidity, but the business remains loss-making on a consolidated basis with negative operating and net income. The key investable question is whether management’s ongoing cost management and potential monetization of its fintech software application can translate into meaningful, durable earnings power and cash flow in the near to medium term. The QQ2 2025 results frame a cautious but potentially reversible profitability trajectory if operating leverage can be expanded and revenue growth accelerates.