Quarterly ResultMay 5, 2026, 05:07 PM
Avalon Holdings Q1 Net Loss $(1.24)M; Revenue $17.66M, up 9.9%
AI Summary
Avalon Holdings reported a net loss attributable to common shareholders of $(1.24) million for Q1 2026, an improvement from $(1.50) million in Q1 2025. Total net operating revenues increased by 9.9% to $17.66 million, primarily driven by an 18.9% rise in waste management services revenue. However, the golf and related operations segment experienced a 3.8% decline in revenue.
Key Highlights
- Net loss attributable to common shareholders improved to $(1.24) million from $(1.50) million YoY.
- Basic net loss per share improved to $(0.32) from $(0.38) in the prior year period.
- Total net operating revenues increased 9.9% to $17.66 million from $16.07 million YoY.
- Waste management services revenue rose 18.9% to $11.51 million from $9.68 million YoY.
- Golf and related operations revenue decreased 3.8% to $6.15 million from $6.39 million YoY.
- Operating loss improved to $(0.74) million from $(1.15) million in the prior year.
- Cash and cash equivalents were $2.38 million as of March 31, 2026.