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Dec 31, 2024
Daily Journal Q1 2025 Earnings Report
Daily Journal Corporation reported its financial results for the first fiscal quarter ended December 31, 2024, showing an increase in total revenues and net income compared to the prior year.
Key Takeaways
Daily Journal Corporation experienced an 11% increase in total revenues, reaching $17.7 million, primarily driven by growth in Journal Technologies' license and maintenance fees and other public service fees. Net income for the quarter was $10.895 million, with an EPS of $7.91. The company's marketable securities portfolio continued to contribute significantly to its financial position, with net unrealized gains of $13.413 million.
Total revenues increased by 11% to $17.704 million, up from $15.993 million in the prior fiscal year period.
Net income for the quarter was $10.895 million, resulting in basic and diluted EPS of $7.91.
Journal Technologies' revenues grew by 12% to $13.613 million, driven by increases in license and maintenance fees and other public service fees.
The company's marketable securities portfolio generated $13.413 million in net unrealized gains, contributing significantly to net income.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company expects to fund its operations through cash flows and current working capital, with potential for additional borrowings or asset sales. Management acknowledges ongoing challenges from the COVID-19 pandemic affecting project completion and costs.
Positive Outlook
- Ability to fund operations through existing cash flows and working capital.
- Commitment to prudent and effective management of the marketable securities portfolio.
- Continued efforts to update and upgrade software products to improve user experience and reduce long-term costs.
- Focus on strengthening operational efficiencies and product development.
- Potential for additional borrowings against marketable securities if needed.
Challenges Ahead
- Potential delays in project completion and increased costs due to lingering COVID-19 impacts.
- Risk of contract cancellations for in-progress projects.
- Fluctuations in the value of the investment portfolio could lead to margin calls.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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