Maison Solutions Inc Class A Common Stock (MSS) Q2 2024 Earnings Report

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Maison Solutions Inc

MSS

$0.528 1.19%

Exchange: NASDAQ | Sector: Consumer Defensive | Industry: Grocery Stores

Q2 2024

Published: Dec 16, 2024

Earnings Highlights

Revenue of $31.02M up 125.3% year-over-year
EPS of $-0.01 decreased by 247% from previous year
Gross margin of 26.3%
Net income of -256.01K
"No earnings call transcript quotes are available for QQ2 2024 in the provided dataset." - N/A

MSS

Company MSS

Period Q2 2024

Currency USD

Report Type Quarterly Earnings

Generated Dec 8, 2025

Executive Summary

Maison Solutions Inc (MSS) reported QQ2 2024 revenue of $31.02 million, up 4.62% QoQ and 125.33% YoY, signaling substantial topline momentum likely reflecting store network activity or category expansion. Despite the strong revenue trajectory, profitability remained constrained, with net income of -$0.256 million and an EPS of -$0.0147, driven in part by a tax-related expense and sustained SG&A investments. EBITDA was $0.750 million, and operating income stood at $0.671 million, translating into an operating margin of 2.16% and an EBITDAR of 2.42% of revenue, indicating modest profitability on core operations while leveraging fixed costs and SG&A.

Key Performance Indicators

Revenue

Increasing

31.02M

QoQ: 4.62% | YoY: 125.33%

Gross Profit

Increasing

8.15M

26.28% margin

QoQ: -1.38% | YoY: 161.01%

Operating Income

Increasing

671.37K

QoQ: -58.93% | YoY: 164.50%

Net Income

Decreasing

-256.01K

QoQ: -136.53% | YoY: -379.90%

EPS

Decreasing

-0.01

QoQ: -136.57% | YoY: -247.00%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue: $31.0199M, YoY +125.3%, QoQ +4.6%; Gross Profit: $8.1519M, Gross Margin 26.28%; Operating Income: $0.6714M, Operating Margin 2.16%; EBITDA: $0.7500M, EBITDA Margin 2.42%; Net Income: -$0.2560M, Net Margin -0.83%; EPS: -$0.0147; Free Cash Flow: $1.2248M; Cash from Ops: $1.1221M; Capex: $0.1026M; Cash at End: $0.3567M; Current Ratio: 0.478x; Quick Ratio: 0.182x; Cash Ratio: 0.0119x. Leverage metrics show Total Debt $54.4059M, Long-Term Debt $40.3749M, Debt/Equity ~4.97x, Debt to Capitalization 0.833, and Debt to Assets 0.658.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	31.02M	125.33%	4.62%
Gross Profit	8.15M	161.01%	-1.38%
Operating Income	671.37K	164.50%	-58.93%
Net Income	-256.01K	-379.90%	-136.53%
EPS	-0.01	-247.00%	-136.57%

Key Financial Ratios

Gross Profit Margin

Fair

26.30%

Gross profit margin is moderate, room for improvement in cost management

Operating Profit Margin

Weak

2.16%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Weak

-0.01%

Net profit margin is below industry norms, profitability concerns

Return on Assets

Weak

0.00%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

-0.02%

Return on equity suggests inefficient capital allocation

Current Ratio

Concern

0.48

Current ratio below safe levels, potential liquidity risk

Debt to Equity

High Risk

4.97

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Negative

-15.34x

Negative earnings make P/E ratio not meaningful

Price to Book

Fair Value

1.44x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2026	27.17	-0.08	+60.5%	View
Q3 2024	34.15	0.06	+151.1%	View
Q2 2024	31.02	-0.01	+125.3%	View
Q1 2024	29.65	0.04	+115.6%	View
Q4 2023	16.93	-0.14	+19.3%	View

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Maison Solutions Inc (MSS) Q2 2024 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

More MSS Quarterly Reports

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Sector Analysis: Consumer Defensive

MSS Full Profile

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Earnings Calendar