Old Market Capital (OMCC) Q1 2026 earnings summary

Executive summary

• Transitioned from subprime auto lending to a holding company focused on broadband, acquiring Amplex and selling the finance receivables segment in 2024.

• Revenue for Q1 FY2026 rose 520% year-over-year to $3.0 million, driven by Amplex's fiber and wireless internet services.

• Net loss from continuing operations narrowed to $0.7 million from $3.3 million year-over-year.

• Adjusted EBITDA improved to $0.7 million from a loss of $0.5 million in the prior year period.

• The company continues to seek additional controlling interests in other sectors.

Financial highlights

• Total revenue for the quarter ended June 30, 2025 was $3.0 million, up from $0.5 million year-over-year, driven by the Amplex acquisition.

• Gross margin increased to 66.2% from 63.6% year-over-year.

• Depreciation and amortization expenses rose to $0.6 million due to fiber asset installations.

• Net loss per share from continuing operations improved to $(0.12) from $(0.79) year-over-year.

• Operating expenses were $4.0 million, nearly flat year-over-year, with a shift in expense composition due to the new business model.

Outlook and guidance

• Management anticipates further growth in broadband services through Amplex and is actively pursuing additional acquisitions.

• No material commitments for capital expenditures as of June 30, 2025, but future acquisitions may be funded through cash, debt, or equity.

• Management is exploring opportunities to allocate capital to increase shareholder returns, with a focus on expanding controlling interests in new sectors.