TULP

EX-99.1

2 tulp-20260513xex99d1.htm

EX-99.1

Exhibit 99.1

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Contact:

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Bloomia Holdings, Inc.

Biz McShane, CFO

(763) 392-6200

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FOR IMMEDIATE RELEASE

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BLOOMIA HOLDINGS, INC. ANNOUNCES MARCH 31, 2026 FINANCIAL RESULTS

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MINNEAPOLIS, MN – May 13, 2026 – Bloomia Holdings, Inc. (Nasdaq: TULP) (“Bloomia Holdings” or the “Company”) today announced its financial results for the third fiscal quarter ended March 31, 2026.

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Overview

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Three Months Ended March 31, 2026

●Net revenue was $14.4 million compared to $12.4 million in the three months ended March 31, 2025.

●Gross profit was $2.9 million, or 19.8% of sales, compared to $3.9 million, or 31.3% of sales, in the three months ended March 31, 2025.

●Operating loss of $0.02 million compared to operating income of $1.4 million in the three months ended March 31, 2025.

●Net loss from continuing operations was $0.8 million compared to income of $0.6 million in the three months ended March 31, 2025.

●Net loss attributable to Bloomia Holdings was $0.8 million, or a loss of $0.43 per diluted share, compared to net income of $0.4 million, or $0.25 per diluted share, in the three months ended March 31, 2025.

●EBITDA was $0.9 million compared to $2.6 million in the three months ended March 31, 2025.

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Nine Months Ended March 31, 2026

●Net revenue was $26.3 million compared to $25.3 million in the nine months ended March 31, 2025.

●Gross profit was $3.3 million, or 12.5% of sales, compared to $4.7 million, or 18.8% of sales, in the nine months ended March 31, 2025.

●Operating loss of $5.4 million compared to an operating loss of $3.8 million in the nine months ended March 31, 2025.

●Net loss from continuing operations was $6.8 million compared to a loss of $4.2 million in the nine months ended March 31, 2025.

●Net loss attributable to Bloomia Holdings was $5.9 million, or a loss of $3.33 per diluted share, compared to net loss of $3.6 million, or a loss of $2.04 per diluted share, in the nine months ended March 31, 2025.

●EBITDA was a loss of $2.9 million compared to a loss of $0.7 million in the nine months ended March 31, 2025.

●Cash used in operations was $11.1 million compared to $7.3 million in the nine months ended March 31, 2025.

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Bloomia Holding’s Chairman and Co-Chief Executive Officer, Mark Jundt, commented, “Revenue growth in this quarter demonstrates the strength of both our market position and customer relationships. Our increased stem availability positions us well for a strong fourth quarter in which demand historically is higher than stem availability. As we’ve highlighted in the past, this year we’ve been challenged by rising raw material costs, tariffs, and a strengthening Euro versus the US Dollar. As these external factors appear to be resolving in our favor, we are pleased that we invested in maintaining market share, which now has us looking forward to a more profitable fiscal year 2027.” Co-Chief Executive Officer Dan Philp added, “It was a very busy and exciting quarter for Bloomia. We closed a successful rights offering, and paid down high interest debt at a 50% discount which significantly de-levered the Company and positions the Company well for future growth. The team is excited for what’s to come.”

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Q3 Fiscal Year 2026 Results

Net Revenue

Net revenue was $14.4 million in the three months ended March 31, 2026, compared to $12.4 million in the three months ended March 31, 2025. The increase is primarily due to higher prices in the current fiscal year. Stems sold were approximately 3% less than prior year due to lower Valentine’s Day sales, partially offset by the shift of Easter sales from April in the prior fiscal year to March of the current fiscal year.

Net revenue was $26.3 million in the nine months ended March 31, 2026, compared to $25.3 million in the nine months ended March 31, 2025. The increase is due to higher prices in the current fiscal year. Stems sold were approximately 10% less than prior year due to a lower Valentine’s Day sales and the Company strategically growing more tulips earlier in calendar year 2025 to meet higher demand near Mother’s Day 2025, resulting in fewer stems to sell this fiscal year. Additionally, the Company purchased fewer Dutch bulbs in 2024, so there were less stems to grow in July and August 2025. Stem sales benefited from the shift of Easter sales from April in the prior fiscal year to March of the current fiscal year.

Gross profit

Gross profit in the three months ended March 31, 2026 was $2.9 million, or 19.8% of sales, compared to gross profit of $3.9 million, or 31.3% of sales, in the three months ended March 31, 2025. The decrease is primarily due to lower stems sales in the current fiscal year of approximately 3%. The Company raised prices in the current fiscal year to partially offset the increases in bulb costs and tariffs. This decline was partially offset by a $150,000 grant received in the period.

Gross profit in the nine months ended March

EX-99.1

2 tulp-20260213xex99d1.htm

EX-99.1

Exhibit 99.1

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Contact:

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Bloomia Holdings, Inc.

Biz McShane, CFO

(763) 392-6200

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FOR IMMEDIATE RELEASE

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BLOOMIA HOLDINGS, INC. ANNOUNCES DECEMBER 31, 2025 FINANCIAL RESULTS AND UPDATED EXPIRATION DATE FOR RIGHTS OFFERING

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MINNEAPOLIS, MN – February 13, 2026 – Bloomia Holdings, Inc. (Nasdaq: TULP) (“Bloomia Holdings” or the “Company”) today announced its financial results for the second fiscal quarter ended December 31, 2025.

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Overview

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Three Months Ended December 31, 2025

●Net revenue was $6.7 million.

●Gross profit was $0.5 million, or 7.2% of sales.

●Operating loss of $2.3 million compared to an operating loss of $3.9 million in the three months ended December 31, 2024.

●Net loss from continuing operations was $2.7 million compared to a loss of $3.4 million in the three months ended December 31, 2024.

●Net loss attributable to Bloomia Holdings was $2.3 million, or loss of $1.29 per diluted share, compared to net loss of $2.9 million, or a loss of $1.66 per diluted share, in the three months ended December 31, 2024.

●EBITDA was a loss of $1.4 million compared to a loss of $2.7 million in the three months ended December 31, 2024.

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Six Months Ended December 31, 2025

●Net revenue was $11.9 million.

●Gross profit was $0.4 million, or 3.6% of sales.

●Operating loss of $5.3 million compared to an operating loss of $5.2 million in the six months ended December 31, 2024.

●Net loss from continuing operations was $6.0 million compared to a loss of $4.8 million in the six months ended December 31, 2024.

●Net loss attributable to Bloomia Holdings was $5.1 million, or loss of $2.90 per diluted share, compared to net loss of $4.1 million, or a loss of $2.30 per diluted share, in the six months ended December 31, 2024.

●EBITDA was a loss of $3.8 million compared to a loss of $3.3 million in the six months ended December 31, 2024.

●Cash used in operations was $11.4 million compared to $9.0 million in the six months ended December 31, 2024.

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Bloomia Holding’s Chairman and Co-Chief Executive Officer, Mark Jundt, commented, “This quarter, along with the quarter preceding it, represents and concludes our offseason. In a seasonal business like ours, our offseason is a time to increase focus on operational efficiencies and build our inventory as we prepare for the exciting busy season ahead. Our operational improvements, including further investments in automation, are a large reason why our operating results were 43% better than the prior year’s comparable quarter. I’m very proud of the hard work our team has put in for dramatically improved results like this and we will carry this momentum into our commencing busy season. We are up for the challenge.” Co-Chief Executive Officer Dan Philp added, “We are pleased with the results from the second fiscal quarter, which includes not only the significantly improved operating results that Mark mentioned, but an increase in revenue as well. I want to thank the team for driving this success. These strong earnings are another reason why we are confident in the Rights Offering we are about to commence. We believe now is a great time to be a Bloomia Holdings stockholder.”

Q2 Fiscal Year 2026 Results

Net Revenue

Net revenue was $6.7 million in the three months ended December 31, 2025, compared to $6.2 million in the three months ended December 31, 2025. The increase is primarily due to higher prices in the current fiscal year.

Net revenue was $11.9 million for the six months ended December 31, 2025, compared to $12.8 million in the six months ended December 31, 2024. The decrease in revenue is due to strategically growing tulips earlier in the calendar year to meet higher demand near Mother’s Day, resulting in fewer stems to sell at the beginning of this fiscal year. Additionally, the Company purchased fewer Dutch bulbs in 2024, so there were less stems to grow at the end of the Dutch bulb season, which is typically July and August. These decreases were partially offset by higher prices in the current fiscal year.

Gross profit (loss)

Gross profit in the three months ended December 31, 2025 was $0.5 million, or 7.2% of sales, compared to gross loss of $0.6 million, or (9.4)% of sales, in the three months ended December 31, 2024. The current year benefitted from a $300,000 grant received from the U.S. federal government. The prior fiscal year also included unusually high bulb rot.

Gross profit in the six months ended December 31, 2025 was $0.4 million, or 3.6% of sales, compared to gross profit of $0.9 million, or 6.7% of sales, in the six months ended December 31, 2024. The Company strategically accelerated the growing of stems to meet spring demand, which led to less stems available for sale in the beginning of the year to cover fixed costs such as rent, which reduced margin year-over-year. This decline was partially offset by the grant received in the period, higher prices in the fis

EX-99.1

2 ldwy-20251110xex99d1.htm

EX-99.1

Exhibit 99.1

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Contact:

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Lendway, Inc.

Biz McShane, CFO

(763) 392-6200

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FOR IMMEDIATE RELEASE

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LENDWAY, INC. ANNOUNCES SEPTEMBER 30, 2025 FINANCIAL RESULTS

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MINNEAPOLIS, MN – November 10, 2025 – Lendway, Inc. (Nasdaq: LDWY) (“Lendway” or the “Company”) today announced its financial results for the three months ended September 30, 2025.

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Overview

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Three months ended September 30, 2025

●Net revenue was $5.2 million.

●Gross loss was $0.06 million, or (1.2)% of sales.

●Operating loss of $3.0 million compared to an operating loss of $1.4 million in the three months ended September 30, 2024.

●Net loss from continuing operations was $3.4 million compared to a loss of $1.5 million in the three months ended September 30, 2024.

●Net loss attributable to Lendway was $2.9 million, or loss of $1.61 per diluted share, compared to net loss of $1.1 million, or a loss of $0.64 per diluted share in the three months ended September 30, 2024.

●EBITDA was a loss of $2.4 million compared to a loss of $0.6 million in the three months ended September 30, 2024.

●Cash used in operations was $9.9 million compared to $7.6 million in the three months ended September 30, 2024.

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Lendway’s Chairman and Co-Chief Executive Officer, Mark Jundt, commented, “This quarter reflects the natural seasonality of our business, but we’re encouraged by the momentum we’re building. The Company is laying the groundwork for a successful year ahead, and we feel as confident as ever in our future.” Co-Chief Executive Officer Dan Philp added, “This quarter is an important quarter in terms of buying our bulbs and preparing our growing programs for the upcoming busy season. We believe that we have set ourselves up to capture the full potential of the peak season ahead.”

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Three Months Results

Net Revenue

Net revenue was $5.2 million for the three months ended September 30, 2025 compared to $6.6 million in the three months ended September 30, 2024. The decrease in revenue is due to strategically growing tulips earlier in the calendar year to meet higher demand near Mother’s Day, resulting in fewer stems to sell this quarter. Additionally, the Company purchased fewer Dutch bulbs in 2024, so there were less stems to grow at the end of the Dutch bulb season, which is typically July and August. Management expects revenue to increase in the remaining quarters of fiscal year 2026 as a result of more bulbs in inventory which the Company will grow into stems to sell, subject to normal growing risks.

Gross (loss) profit

Gross loss in the three months ended September 30, 2025 was $0.06 million, or 1.2% of sales, compared to gross profit of $1.4 million, or 21.7% of sales, in the three months ended September 30, 2024. The Company strategically accelerated the growing of stems to meet spring demand which led to less stems available for sale in the quarter to cover fixed costs such as rent. Additionally, the average price a bulb increased and bulbs are now subject to tariffs which reduces profitability. The Company has raised prices to partially offset the higher costs. Management expects gross margin to improve in the remaining quarters of fiscal year 2026 as the Company has more bulbs to grow into stems to sell.

Operating loss

The Company had operating loss of $3.0 million in the three months ended September 30, 2025, compared to operating loss of $1.4 million in the three months ended September 30, 2024. The reduction is primarily due to lower revenue and higher bulb costs.

Net loss from continuing operations

Net loss from continuing operations was $3.4 million in the three months ended September 30, 2025 compared to a loss of $1.5 million in the three months ended September 30, 2024. The decrease is primarily due to lower operating income and an increase in foreign exchange losses.

Net loss attributable to Lendway

Net loss attributable to Lendway for the three months ended September 30, 2025 was $2.9 million, or $1.61 per diluted share, compared to net loss attributable to Lendway of $1.1 million, or a loss of $0.64 per diluted share, in the three months ended September 30, 2024. The decrease is due to the increase in operating loss.

EBITDA

In the three months ended September 30, 2025, EBITDA was a loss of $2.4 million, compared to a loss of $0.6 million in the three months ended September 30, 2024. The decrease is due to lower sales and higher bulb costs.

Bloomia EBITDA

Bloomia had an EBITDA loss of $1.8 million in the three months ended September 30, 2025 compared to $0.1 million of EBITDA income in the three months ended September 30, 2024. The decrease is due to lower sales and higher bulb costs.

Balance Sheet

As of September 30, 2025, cash and cash equivalents totaled $1.8 million, compared to $0.9 million as of June 30, 2025. The increase is primarily due to debt proceeds in the three months ended September 30, 2025 to fund the purchase of tulip bulbs in the quarter. Work