Executive Summary
Old Market Capital Corporation delivered QQ1 2026 results characterized by solid top-line growth and an exceptionally high gross margin, yet the company remains unprofitable at the net level. Revenue of $3.034 million rose YoY by 11.83% and QoQ by 2.22%, supported by a gross margin of approximately 94.2% ($2.858 million in gross profit). However, operating expenses of $4.024 million eclipsed gross profit, producing an operating loss of $0.986 million and a net loss of $0.748 million for the quarter. EBITDA stood at a modest negative $0.062 million, with an EBITDA margin of approximately -2.04%. The company generated positive operating cash flow of $0.912 million, but invested heavily in non-operating activities (-$3.716 million), resulting in a negative free cash flow of about $0.104 million and a net cash decrease of roughly $1.956 million for the period. Balance sheet remains strong on a liquidity basis, with cash and equivalents of $22.034 million and a net cash position of $17.456 million (net debt negative), alongside a robust equity base of $52.465 million. The strategic takeaway is that the business shows meaningful revenue momentum and strong liquidity, but profitability hinges on achieving SG&A and operating efficiency improvements to convert revenue growth into sustained earnings.
Key Performance Indicators
QoQ: -503.23% | YoY:-254.50%
QoQ: -175.00% | YoY:42.11%
Key Insights
Revenue: $3.034 million, up 11.83% YoY and 2.22% QoQ; Gross Profit: $2.858 million, margin ~94.20%; Operating Income: -$0.986 million; Net Income: -$0.748 million; EBITDA: -$0.062 million; EPS: -$0.11; Cash from Operations: $0.912 million; Free Cash Flow: -$0.104 million; Net Debt: -$17.456 million; Current Ratio: ~6.35x; Quick Ratio: ~5.56x; Debt/Equity: ~0.09x; ROA/ROE not provided; Cash Balance: $22.034 million; Total Assets: $78.925 million; Total Liabilities: $12.552 million; Share Count: 6...
Financial Highlights
Revenue: $3.034 million, up 11.83% YoY and 2.22% QoQ; Gross Profit: $2.858 million, margin ~94.20%; Operating Income: -$0.986 million; Net Income: -$0.748 million; EBITDA: -$0.062 million; EPS: -$0.11; Cash from Operations: $0.912 million; Free Cash Flow: -$0.104 million; Net Debt: -$17.456 million; Current Ratio: ~6.35x; Quick Ratio: ~5.56x; Debt/Equity: ~0.09x; ROA/ROE not provided; Cash Balance: $22.034 million; Total Assets: $78.925 million; Total Liabilities: $12.552 million; Share Count: 6.708 million.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
3.03M |
11.83% |
2.22% |
| Gross Profit |
2.86M |
5.34% |
-11.24% |
| Operating Income |
-986.00K |
N/A |
-10.17% |
| Net Income |
-748.00K |
-254.50% |
-503.23% |
| EPS |
-0.11 |
42.11% |
-175.00% |
Management Commentary
Transcript data not provided in the supplied dataset. As a result, there are no management quotes or thematic highlights to reference. The analysis below acknowledges the absence of an earnings-call transcript and mitigates by focusing strictly on reported metrics and disclosures.
Forward Guidance
No explicit forward guidance was provided in the supplied data. Given the current quarterly trajectory, management would need to outline targets for SG&A containment, revenue mix optimization, and efficiency initiatives to translate top-line growth into stable or improved profitability. Investors should monitor: (1) quarterly SG&A as a percentage of revenue, (2) any announced cost-reduction programs or one-time items, (3) changes in exposure to interest income/expenses or other income streams, and (4) the trajectory of free cash flow as a proxy for operating efficiency and cash generation.