Bloomia Holdings (TULP) reported fiscal year 2026 net revenue of $48.1 million, essentially flat versus $48.4 million in 2025, and a net loss attributable to Bloomia of $11.2 million, driven by a $13.2 million non-cash impairment charge.
For the year ended June 30, 2026, gross profit fell to $7.9 million, or 16.4% of sales, from $10.1 million, or 20.9%, as average tulip bulb costs rose 21% and the Euro strengthened 6%. Management estimates more than $2.5 million of excess production waste from an industry-wide mite treatment issue, concentrated in the fourth quarter, while prices were raised about 12% to offset cost pressures. Adjusted EBITDA shifted to a loss of $0.5 million from a $2.0 million profit.
The company restructured its balance sheet, retiring over $19 million of debt and cutting total debt 36% to $21.7 million. A rights offering raised $12.1 million gross, including $7.1 million of debt conversion, and produced a $7.0 million gain on settlement of debt.
Bloomia Holdings (Nasdaq:TULP) reported Q3 FY2026 results for the period ended March 31, 2026. Net revenue rose to $14.4M from $12.4M, but gross margin fell to 19.8% and the company recorded a small operating loss and $0.8M net loss.
For the nine months, revenue was $26.3M with a $5.9M net loss. A rights offering raised $12.1M, including $7.1M of debt conversion, and enabled a $4.9M debt payment that resulted in approximately $10M of debt forgiveness.
Bloomia Holdings (Nasdaq:TULP) announced preliminary results of its February–April 1, 2026 rights offering, expecting approximately $12.1 million in gross proceeds.
About $5.0 million was cash and $7.1 million converted from outstanding debt, producing roughly 3.0 million new shares at $4.05 per share. Proceeds are planned primarily to repay acquisition debt at >50% discount, materially reducing leverage and lowering annual interest expense.
Bloomia Holdings (Nasdaq:TULP) extended its rights offering subscription period from March 27, 2026 to 5:00 p.m. ET on April 1, 2026 to give eligible holders extra time to participate. The offering seeks to raise approximately $15,500,000 (in '000s) to settle seller and related-party notes, fund strategic investments and cover fees.
Use of proceeds lists $7,330 for seller note settlement, $6,600 for related-party notes, $1,370 for strategic investments and $200 for offering fees, with the company stating the capital will de-lever Bloomia and improve operations.
Bloomia Holdings (Nasdaq:TULP) on March 16, 2026 published an investor presentation summarizing its rights offering strategy and outlook for future financial improvements.
The presentation outlines Bloomia's business model, market opportunity, operational capabilities, and strategic priorities, and is available on the company's Investor Relations website.
Bloomia Holdings (Nasdaq:TULP) reported Q2 fiscal 2026 results for the quarter ended December 31, 2025: net revenue $6.7M, gross profit $0.5M (7.2%), operating loss $2.3M, and net loss attributable $2.3M (loss $1.29 per diluted share).
Six-months: net revenue $11.9M, EBITDA loss $3.8M, cash used in operations $11.4M, cash $1.2M, and total debt $47.0M. Rights offering expiration updated to March 27, 2026 at 5:00 PM CT.
Bloomia Holdings (NASDAQ:TULP) set Feb 16, 2026 as the record date for a subscription rights offering to raise up to $15.5 million. Each shareholder receives one non-transferable right per share to buy 2.16 shares at $4.05 per whole share; full subscription would issue ~3.8 million shares. The offering is expected to expire Mar 28, 2026 at 5:00 p.m. CT, subject to extension or earlier termination. Proceeds are allocated to a discounted seller-note settlement ($7.33M), related-party note settlement ($6.6M), strategic investments ($1.1M), and ~ $470k fees, aiming to reduce debt and strengthen the balance sheet.
Lendway, Inc. (NASDAQ:LDWY) will change its corporate name to Bloomia Holdings, Inc., effective on or around February 2, 2026. The company's common stock will begin trading under the new ticker TULP on the Nasdaq Capital Market; the CUSIP will remain unchanged.
The change aligns the corporate identity with the company's tulip business, Bloomia, described as its primary focus and majority-owned fresh-cut tulip production operations in the U.S. Investor contact and website information remain available through the company's existing channels.