LakeShore Co Financials
LakeShore Co (LSBWF) reported $85.7M in revenue for fiscal year 2025, up 6.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
LSBWF’s very high gross margin makes it a spending-led business, with FY2025 improvement driven mainly by lower R&D intensity.
Between FY2024 and FY2025, revenue recovered only modestly, but operating loss narrowed sharply because research spending fell from$42.7M to$20.4M ; that points to a cost-structure reset rather than stronger demand as the main driver. Cash burn improved in step, with operating cash flow moving from-$41.6M to-$16.9M , so the income statement and cash flow are telling the same story.
Gross margin reached
The balance sheet is becoming less debt-funded: debt-to-equity fell from 0.4x in FY2023 to 0.05x in FY2025. Long-term debt also dropped to
Financial Health Signals
We are recalculating LakeShore Co's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
LakeShore Co passes 5 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
LakeShore Co reported a net loss of $13.9M while operations used $16.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.
LakeShore Co reported an operating loss of $12.0M against $2.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
LakeShore Co generated $85.7M in revenue in fiscal year 2025. This represents an increase of 6.0% from the prior year.
LakeShore Co's EBITDA was -$6.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 87.8% from the prior year.
LakeShore Co reported -$13.9M in net income in fiscal year 2025. This represents an increase of 77.2% from the prior year.
Cash & Balance Sheet
LakeShore Co recorded an outflow of $18.6M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 61.1% from the prior year.
LakeShore Co held $15.0M in cash against $3.3M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
LakeShore Co's gross margin was 82.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.0 percentage points from the prior year.
LakeShore Co's operating margin was -14.0% in fiscal year 2025, reflecting core business profitability. This is up 63.7 percentage points from the prior year.
LakeShore Co's net profit margin was -16.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 59.3 percentage points from the prior year.
LakeShore Co's ROE was -20.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 54.1 percentage points from the prior year.
Capital Allocation
LakeShore Co invested $20.4M in research and development in fiscal year 2025. This represents a decrease of 52.2% from the prior year.
LakeShore Co invested $1.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 71.6% from the prior year.
Not reported for fiscal year 2025.
LSBWF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Revenue | $85.7M+6.0% | $80.8M-19.2% | $100.0M |
| Cost of Revenue | $15.0M-9.5% | $16.6M-25.7% | $22.3M |
| Gross Profit | $70.7M+10.0% | $64.2M-17.3% | $77.7M |
| R&D Expenses | $20.4M-52.2% | $42.7M-8.0% | $46.4M |
| SG&A Expenses | $18.0M-9.0% | $19.7M+66.3% | $11.9M |
| Operating Income | -$12.0M+80.9% | -$62.8M-209.8% | -$20.3M |
| Interest Expense | -$2.2M+64.9% | -$6.3M-39.2% | -$4.5M |
| Income Tax | -$132K+95.7% | -$3.1M-1956.6% | $165K |
| Net Income | -$13.9M+77.2% | -$61.1M-188.6% | -$21.2M |
| EPS (Diluted) | -$0.73 | -$0.57 | -$0.23 |
LSBWF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Total Assets | $190.5M-10.7% | $213.3M-14.8% | $250.3M |
| Current Assets | $117.3M-7.8% | $127.3M-15.6% | $150.8M |
| Cash & Equivalents | $15.0M-56.4% | $34.3M-36.3% | $53.9M |
| Inventory | $31.7M+10.6% | $28.7M+6.3% | $27.0M |
| Accounts Receivable | $69.8M+11.5% | $62.6M-7.1% | $67.4M |
| Total Liabilities | $120.9M-7.5% | $130.8M-9.3% | $144.3M |
| Current Liabilities | $114.9M+1.6% | $113.1M+17.9% | $95.9M |
| Long-Term Debt | $3.3M-76.5% | $14.0M-67.4% | $42.8M |
| Total Equity | $69.6M-15.6% | $82.5M-22.2% | $106.0M |
| Retained Earnings | -$335.4M-3.1% | -$325.2M-19.3% | -$272.7M |
Not reported in any period shown, so not listed: Goodwill.
LSBWF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Operating Cash Flow | -$16.9M+59.5% | -$41.6M-56.7% | -$26.6M |
| Capital Expenditures | $1.8M-71.6% | $6.2M-18.8% | $7.7M |
| Free Cash Flow | -$18.6M+61.1% | -$47.8M-39.8% | -$34.2M |
| Investing Cash Flow | -$2.4M+62.0% | -$6.2M+24.8% | -$8.3M |
| Financing Cash Flow | -$499K-101.7% | $28.9M-37.4% | $46.2M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
LSBWF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Gross Margin | 82.5%+3.0pp | 79.5%+1.8pp | 77.7% |
| Operating Margin | -14.0%+63.7pp | -77.8%-57.5pp | -20.3% |
| Net Margin | -16.3%+59.3pp | -75.6%-54.4pp | -21.2% |
| Return on Equity | -20.0%+54.1pp | -74.1%-54.1pp | -20.0% |
| Return on Assets | -7.3%+21.3pp | -28.6%-20.2pp | -8.5% |
| Current Ratio | 1.02-0.1x | 1.13-0.4x | 1.57 |
| Debt-to-Equity | 0.05-0.1x | 0.17-0.2x | 0.40 |
| FCF Margin | -21.7%+37.5pp | -59.2%-25.0pp | -34.2% |
Where LakeShore Co Ranks
Frequently Asked Questions
What is LakeShore Co's annual revenue?
LakeShore Co (LSBWF) reported $85.7M in total revenue for fiscal year 2025. This represents a 6.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is LakeShore Co's revenue growing?
LakeShore Co (LSBWF) revenue grew by 6.0% year-over-year, from $80.8M to $85.7M in fiscal year 2025.
Is LakeShore Co profitable?
No, LakeShore Co (LSBWF) reported a net income of -$13.9M in fiscal year 2025, with a net profit margin of -16.3%.
What is LakeShore Co's EBITDA?
LakeShore Co (LSBWF) had EBITDA of -$6.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does LakeShore Co have?
As of fiscal year 2025, LakeShore Co (LSBWF) had $15.0M in cash and equivalents against $3.3M in long-term debt.
What is LakeShore Co's gross margin?
LakeShore Co (LSBWF) had a gross margin of 82.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is LakeShore Co's operating margin?
LakeShore Co (LSBWF) had an operating margin of -14.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is LakeShore Co's net profit margin?
LakeShore Co (LSBWF) had a net profit margin of -16.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is LakeShore Co's return on equity (ROE)?
LakeShore Co (LSBWF) has a return on equity of -20.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is LakeShore Co's free cash flow?
LakeShore Co (LSBWF) recorded an outflow of $18.6M in free cash flow during fiscal year 2025. This represents a 61.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is LakeShore Co's operating cash flow?
LakeShore Co (LSBWF) recorded an outflow of $16.9M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are LakeShore Co's total assets?
LakeShore Co (LSBWF) had $190.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are LakeShore Co's capital expenditures?
LakeShore Co (LSBWF) invested $1.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does LakeShore Co spend on research and development?
LakeShore Co (LSBWF) invested $20.4M in research and development during fiscal year 2025.
What is LakeShore Co's current ratio?
LakeShore Co (LSBWF) had a current ratio of 1.02 as of fiscal year 2025, which is considered adequate.
What is LakeShore Co's debt-to-equity ratio?
LakeShore Co (LSBWF) had a debt-to-equity ratio of 0.05 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is LakeShore Co's return on assets (ROA)?
LakeShore Co (LSBWF) had a return on assets of -7.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is LakeShore Co's cash runway?
Based on fiscal year 2025 data, LakeShore Co (LSBWF) had $15.0M in cash against an annual operating cash burn of $16.9M. This gives an estimated cash runway of approximately 11 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is LakeShore Co's Piotroski F-Score?
LakeShore Co (LSBWF) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are LakeShore Co's earnings high quality?
LakeShore Co (LSBWF) reported a net loss of $13.9M while operations used $16.9M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can LakeShore Co cover its interest payments?
LakeShore Co (LSBWF) reported an operating loss of $12.0M against $2.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.