Eddy Smart Home Solutions Ltd. Announces Q2/2025 Financial Results

Executive Summary

• Eddy Smart Home Solutions Ltd. reported financial results for the three and six months ended June 30, 2025, highlighting significant growth in revenue, recurring billings, and installed device base.
• The company reported a contracted future revenue backlog of approximately $38.0 million with a weighted average duration of 8.2 years, indicating strong long-term market traction.
• Net losses narrowed for both the quarter and the six-month period, driven by revenue growth despite increased investment in sales recruitment.

Key Details

• Revenue Growth:
  • Q2 2025 (Three months ended June 30, 2025): Revenue increased 43% to $1,068,185, up from $747,548 in Q2 2024.
  • Six Months Ended June 30, 2025: Revenue increased 19% to $2,135,189, up from $1,788,857 in the same period of 2024.
• Recurring Billings:
  • Q2 2025: Total recurring billings were $934,628, a 36% increase from $687,757 in Q2 2024. Average monthly recurring revenue was $311,543.
  • Six Months Ended June 30, 2025: Total recurring billings were $1,728,000, a 28% increase from $1,351,174 in the same period of 2024. Average monthly recurring revenue was $288,000.
• Operational Metrics:
  • In-building devices increased by approximately 24%, growing from 97,277 as of June 30, 2024, to 120,804 as of June 30, 2025.
  • Contracted future revenue backlog stood at approximately $38.0 million as of June 30, 2025 (down slightly from $38.6 million at year-end 2024).
  • The weighted average duration of contracted agreements was 8.2 years as of June 30, 2025.
• Financial Performance (Net Loss):
  • Q2 2025: Net loss improved by $300,028 to ($1,013,186), compared to a net loss of ($1,313,214) in Q2 2024.
  • Six Months Ended June 30, 2025: Net loss improved by $20,890 to ($1,765,143), compared to ($1,786,033) in the same period of 2024.
  • The company noted increased investment in sales professional recruitment to build a scalable sales organization in the United States.
• Per Share Data:
  • Q2 2025: Basic and diluted loss per share was ($0.17), compared to ($1.47) in Q2 2024.
  • Six Months Ended June 30, 2025: Basic and diluted loss per share was ($0.29), compared to ($2.11) in the same period of 2024.
  • Weighted average shares outstanding (basic and diluted) were 6,128,623 for both periods in 2025, compared to ~895,000 in 2024, reflecting a retrospective adjustment for a 100:1 share consolidation completed on June 28, 2024.