Maison Solutions Inc (MSS) Q3 2024 Earnings Report

Maison Solutions Inc (MSS) reported for QQ3 2024 a strong year-over-year revenue expansion to $34.15 million, up from roughly $13.60 million a year earlier, supported by a gross margin of 22.08% and an operating margin of 3.26%. Net income reached $1.01 million with earnings per share of $0.058, reflecting a materially improved bottom line on a YoY basis (net income up ~284%). EBITDA stood at $1.52 million (EBITDA margin ~4.46%). The quarter also demonstrated cash generation from operations of $1.68 million and free cash flow of approximately $1.66 million, underscoring core cash generation despite a leveraged balance sheet. However, liquidity remains tight, as evidenced by a current ratio of 0.57 and a cash balance of about $0.445 million against total debt of ~$50.83 million, a debt-to-equity profile of ~4.25x, and a high reliance on long-lived assets (PPE, goodwill) to support operations. The company reduced debt modestly through financing activity in the period, but financing cash outflows remained evident (net financing cash flow about -$1.568 million). Management commentary or earnings call transcripts are not provided in the available data, limiting direct quotes from executives for QQ3 2024.