Bloomia Holdings, Inc. reported higher tulip revenue but continued losses and heavy leverage for the quarter ended March 31, 2026. Quarterly revenue rose to $14.4 million from $12.4 million, yet gross margin fell to 19.8% and net loss attributable to Bloomia was $0.8 million, or $0.43 per share. For the first nine months of fiscal 2026, revenue was $26.3 million with a net loss of $5.9 million and negative EBITDA of $2.9 million. Total debt reached $40.3 million, including a $9.99 million revolver and a seller bridge loan with payment incentives and penalties. A $12.1 million rights offering, including $7.1 million of debt conversion, raised about $5 million in cash and converted related-party notes to equity, while also funding a $4.9 million discounted prepayment on the Seller Note. The company remains overdrawn on its revolving credit facility after a temporary capacity increase expired and previously breached financial covenants, though waivers were obtained.
Bloomia Holdings, Inc. reported higher tulip revenue but continued losses and heavy leverage for the quarter ended March 31, 2026. Quarterly revenue rose to $14.4 million from $12.4 million, yet gross margin fell to 19.8% and net loss attributable to Bloomia was $0.8 million, or $0.43 per share. For the first nine months of fiscal 2026, revenue was $26.3 million with a net loss of $5.9 million and negative EBITDA of $2.9 million. Total debt reached $40.3 million, including a $9.99 million revolver and a seller bridge loan with payment incentives and penalties. A $12.1 million rights offering, including $7.1 million of debt conversion, raised about $5 million in cash and converted related-party notes to equity, while also funding a $4.9 million discounted prepayment on the Seller Note. The company remains overdrawn on its revolving credit facility after a temporary capacity increase expired and previously breached financial covenants, though waivers were obtained.
Bloomia Holdings, Inc. reported higher sales but weaker profitability for the quarter ended March 31, 2026. Net revenue rose to $14.4 million from $12.4 million a year earlier, mainly from higher pricing, while stem volumes fell about 3% due to softer Valentine’s Day demand.
Gross profit dropped to $2.9 million, cutting margin to 19.8% from 31.3%, and the company swung to an operating loss of $0.02 million and a net loss attributable to Bloomia of $0.8 million, or $0.43 per diluted share. EBITDA declined to $0.9 million from $2.6 million.
For the nine months, revenue reached $26.3 million but net loss attributable to Bloomia widened to $5.9 million, or $3.33 per share. A recent rights offering raised $12.1 million (including $7.1 million of debt conversion) and funded a $4.9 million debt repayment that produced roughly $10 million of debt forgiveness, while total debt stood at $47.5 million and stockholders’ equity at $7.8 million as of March 31, 2026.
Bloomia Holdings, Inc. reported higher sales but weaker profitability for the quarter ended March 31, 2026. Net revenue rose to $14.4 million from $12.4 million a year earlier, mainly from higher pricing, while stem volumes fell about 3% due to softer Valentine’s Day demand.
Gross profit dropped to $2.9 million, cutting margin to 19.8% from 31.3%, and the company swung to an operating loss of $0.02 million and a net loss attributable to Bloomia of $0.8 million, or $0.43 per diluted share. EBITDA declined to $0.9 million from $2.6 million.
For the nine months, revenue reached $26.3 million but net loss attributable to Bloomia widened to $5.9 million, or $3.33 per share. A recent rights offering raised $12.1 million (including $7.1 million of debt conversion) and funded a $4.9 million debt repayment that produced roughly $10 million of debt forgiveness, while total debt stood at $47.5 million and stockholders’ equity at $7.8 million as of March 31, 2026.
Bloomia Holdings, Inc. ownership disclosure: Morgan Stanley and Morgan Stanley Smith Barney LLC report beneficial ownership of 280,953 shares of Common Stock (CUSIP 45765Y204), representing 5.9% of the class. The filing is an Amendment No. 2 to a Schedule 13G/A and is signed by authorized signatories on 05/07/2026.
The cover-page entries show shared dispositive power of 280,953 shares for the reporting entities and cite Exhibit 99.2 for subsidiary identification and Item 7 detail.
Bloomia Holdings, Inc. ownership disclosure: Morgan Stanley and Morgan Stanley Smith Barney LLC report beneficial ownership of 280,953 shares of Common Stock (CUSIP 45765Y204), representing 5.9% of the class. The filing is an Amendment No. 2 to a Schedule 13G/A and is signed by authorized signatories on 05/07/2026.
The cover-page entries show shared dispositive power of 280,953 shares for the reporting entities and cite Exhibit 99.2 for subsidiary identification and Item 7 detail.
Bloomia Holdings, Inc. reports changes to its acquisition financing and adds new debt. Its Bloomia subsidiaries originally borrowed $12,750,275 under a Bridge Loan Agreement related to acquiring Bloomia B.V., with Bloomia providing an unsecured guaranty. A prior amendment allowed the subsidiaries to fully prepay this bridge loan at a discounted amount of $7,330,000 in exchange for a release of certain warranty and indemnity claims.
On April 15, 2026, the parties signed a Second Amendment to the bridge loan and the borrowers made an Initial Discounted Prepayment of $4,900,000. To help fund this, on April 13, 2026 Bloomia issued an unsecured Promissory Note to Gary Kohler for $1,000,000, bearing fixed interest of 11.5% per year, rising to 14.5% on default, and maturing on March 31, 2029. Bloomia may prepay the note at any time without penalty.
BLOOMIA HOLDINGS, INC. director and more-than-10% owner Nicholas John Swenson exercised subscription rights to acquire 696,690 shares of common stock at $4.05 per share through AO Partners I, L.P. After the exercise, AO Partners I, L.P. holds 836,134 shares indirectly for him, alongside additional direct and indirect holdings through Groveland Capital LLC and Glenhurst Co.
Bloomia Holdings, Inc. Schedule 13G/A discloses that BCCM Advisors, acting as adviser to two funds, reports beneficial ownership of 495,898 shares, representing 10.4% of common stock outstanding as of April 2, 2026. The filing itemizes holdings: Blue Clay Capital Fund 268,571 shares (5.6%) and Blue Clay Capital Smid-Cap Fund 227,327 shares (4.8%). The filing states the Reporting Persons share voting and dispositive power over these shares and that the Funds have the right to receive dividends or proceeds from sales.
Bloomia Holdings, Inc. Schedule 13G/A discloses that BCCM Advisors, acting as adviser to two funds, reports beneficial ownership of 495,898 shares, representing 10.4% of common stock outstanding as of April 2, 2026. The filing itemizes holdings: Blue Clay Capital Fund 268,571 shares (5.6%) and Blue Clay Capital Smid-Cap Fund 227,327 shares (4.8%). The filing states the Reporting Persons share voting and dispositive power over these shares and that the Funds have the right to receive dividends or proceeds from sales.
Air T, Inc. and the Swenson Group report majority ownership of Bloomia Holdings, Inc. common stock. Together, the reporting persons beneficially own 2,867,010 shares, or approximately 60.1% of Bloomia’s 4,769,038 shares outstanding as of April 2, 2026.
Air T alone holds 1,605,264 shares, or 33.7% of the company, while entities associated with Nicholas J. Swenson, including AO Partners I, AO Partners LLC, Groveland Capital, Glenhurst and Mr. Swenson personally, hold additional stakes. The group acquired shares for investment, including through a February–April 2026 rights offering at $4.05 per share that also converted prior loans into equity.
Bloomia Holdings, Inc. Chief Financial Officer Elizabeth E. McShane exercised subscription rights linked to an out-of-the-money derivative on April 1, 2026. The rights entitled her to buy 4,691 shares of common stock at $4.05 per share.
The derivative position covered 2,172 subscription rights that were exercisable into common stock at a $4.05 exercise price with an expiration date of April 1, 2026. Following the transaction, she directly held 4,912 shares of Bloomia common stock.
Bloomia Holdings, Inc. Chief Financial Officer Elizabeth E. McShane exercised subscription rights linked to an out-of-the-money derivative on April 1, 2026. The rights entitled her to buy 4,691 shares of common stock at $4.05 per share.
The derivative position covered 2,172 subscription rights that were exercisable into common stock at a $4.05 exercise price with an expiration date of April 1, 2026. Following the transaction, she directly held 4,912 shares of Bloomia common stock.
Bloomia Holdings Co-CEO Mark Jundt reported an out-of-the-money derivative transaction involving subscription rights and common stock. On April 1, 2026, 1,714 Subscription Rights were exercised at a conversion price of $4.05 per share, relating to 3,703 shares of common stock.
The derivative position in these subscription rights went to zero after the transaction, while direct holdings of common stock increased to 6,231 shares. The filing classifies the activity as an “exercise of out-of-the-money derivative security,” rather than an open-market buy or sell.
Bloomia Holdings Co-CEO Mark Jundt reported an out-of-the-money derivative transaction involving subscription rights and common stock. On April 1, 2026, 1,714 Subscription Rights were exercised at a conversion price of $4.05 per share, relating to 3,703 shares of common stock.
The derivative position in these subscription rights went to zero after the transaction, while direct holdings of common stock increased to 6,231 shares. The filing classifies the activity as an “exercise of out-of-the-money derivative security,” rather than an open-market buy or sell.
Bloomia Holdings Co-CEO Philp Daniel C. exercised subscription rights described as an out-of-the-money derivative security, acquiring 24,691 shares of common stock at $4.05 per share on April 1, 2026. Following the transaction, he directly owns 85,190 common shares of Bloomia Holdings.
Bloomia Holdings Co-CEO Philp Daniel C. exercised subscription rights described as an out-of-the-money derivative security, acquiring 24,691 shares of common stock at $4.05 per share on April 1, 2026. Following the transaction, he directly owns 85,190 common shares of Bloomia Holdings.