Atomos Q1 FY25 financial update

Atomos (ASX:AMS), a leader in global video technology, announced a 6% increase in sales for the first quarter of fiscal year 2025, reaching $9.3 million. The company's Shinobi II product significantly contributed to this growth. However, sales from Ninja Phone and SunDragon products were minimal due to launch delays. These products started shipping globally in October.

Atomos' strategic roadmap and future outlook

Atomos reported a 6% increase in Q1 FY25 sales, fueled by the success of Shinobi II. Despite Ninja Phone and SunDragon launch delays, the company maintained a robust gross profit margin of 43.1%. A cost restructuring process is underway, with a fixed cost base expected in the latter half of FY25. Legal disputes with the former CEO have been resolved, and financial provisioning was made in FY24 accounts. The company closed the quarter with $1.0 million cash but secured $9.6 million in funding. Atomos anticipates increased sales in Q2 FY25 and is committed to expanding its market presence with innovative products and strategic financial management.

Executive insights on Atomos' performance

The gross profit margin reached 43.1% in Q1 FY25, driven by strategic adjustments in product and country mix along with policy refinement. Our cost restructuring is nearing completion, with a fixed cost base anticipated in the second half of FY25. Although we ended the quarter with a cash balance of $1.0 million, securing $9.6 million in funding commitments provides us with financial flexibility. We are optimistic about increased sales momentum in Q2 FY25 as new products are now available in the market.