Portsmouth Square Inc (PRSI) reported QQ3 2024 results reflecting a revenue uptick vs. the prior quarter but delivering a material net loss amid outsized financing costs and one-time non-operating items. Revenue reached $10.758 million, up 3.14% year-over-year and 5.21% quarter-over-quarter, while EBITDA stood at $1.167 million and operating income at $0.306 million, signaling a modestly positive operational footprint on an EBITDA basis. However, the company posted a net loss of $2.871 million and an EPS of -$3.91 driven largely by a heavy interest expense of $3.221 million and other income/expenses net of -$3.229 million, resulting in a net margin of -26.7% for the quarter. The balance sheet shows acute leverage with long-term debt of $128.674 million and negative equity of $110.632 million, producing a debt-to-capitalization metric of 7.13 and an interest-coverage ratio of 0.095x, highlighting meaningful financial distress even as cash from operations modestly covers near-term commitments.