Beyond Inc.（Byon）報告2025年第一季度的收入超過預期

該公司發布的調整後的每股稀釋虧損為0.42美元，這明顯好於預測損失0.63美元。

Beyond Inc (NYSE:BYON) reported better-than-expected earnings for the first quarter of 2025, but revenue fell short of estimates.

Beyond Inc（NYSE：BYON）報告說，2025年第一季度的收益超過預期的收益，但收入卻沒有估計。

The company posted an adjusted diluted loss per share of $0.42 for the period, which was wider than the analysts’ estimate of a loss of $0.63 a share. Revenue was reported as $232 million, which missed the expectations of $288.13 million, according to InvestingPro.

該公司在此期間發布了調整後的每股稀釋損失，為0.42美元，這比分析師每股損失$ 0.63的估計更寬。據InvestingPro稱，據報導收入為2.32億美元，遺漏了預期的2.8813億美元。

The company’s stock saw a slight decline of 2.39% in after-hours trading, closing at $4.18.

該公司的股票在下班後的交易中略有下降2.39％，收盤價為4.18美元。

According to InvestingPro analysis, Beyond Inc is currently undervalued, though its overall financial health score remains weak at 1.21 out of 5.

根據InvestingPro Analysis，Beyond Inc目前被低估了，儘管其總體財務健康評分在5分中的1.21仍然較弱。

Key Takeaways

關鍵要點

* Despite a challenging economic environment, Beyond Inc is showing signs of resilience as it navigates through 2025. The company has focused on improving operational efficiency, evident in the 72% improvement in adjusted EBITDA loss compared to Q1 2024.

*儘管經濟環境充滿挑戰，但Beyond Inc在2025年航行時仍表現出彈性的跡象。該公司一直致力於提高運營效率，與第1季度2024相比，調整後的EBITDA損失的72％改善中很明顯。

* As part of its restructuring efforts, Beyond Inc reduced its workforce by 65-70% and eliminated a distribution center.

*作為重組工作的一部分，Beyond Inc將其勞動力降低了65-70％，並消除了配送中心。

* The company is positioning itself as a value-driven marketplace, expanding its luxury and designer categories.

*該公司將自己定位為價值驅動的市場，擴大了其奢侈品和設計師類別。

* InvestingPro data shows that the company has more cash than debt on its balance sheet, though it’s quickly burning through cash reserves.

* InvestingPro數據表明，該公司在資產負債表上的現金多於債務，儘管它通過現金儲備很快燃燒。

Financial Highlights

財務亮點

Earnings vs. Forecast

收益與預測

Beyond Inc exceeded earnings expectations with a loss per share of $0.42, compared to the forecasted loss of $0.63. This represents a positive surprise of approximately 33%. However, the revenue of $232 million fell short of the $288.13 million forecast, indicating a miss of about 19.5%.

超越公司超出了收益預期，每股虧損為0.42美元，而預測損失為0.63美元。這代表了大約33％的積極驚喜。但是，2.32億美元的收入低於預測的2.8813億美元，這表明遺失約為19.5％。

Market Reaction

市場反應

Despite the earnings beat, Beyond Inc’s stock price declined by 2.39% in after-hours trading, closing at $4.18. This movement reflects investor concerns over the significant revenue shortfall. The stock is trading close to its 52-week low of $3.54, indicating broader market challenges. With a beta of 4.1, the stock exhibits significant volatility compared to the market. Analyst price targets range from $6.50 to $16.00, suggesting potential upside despite recent challenges. Get detailed valuation metrics and real-time analysis with InvestingPro’s comprehensive research reports.

儘管收益收益率，但Inc的股價超過下班後的交易下降了2.39％，收盤價為4.18美元。該運動反映了投資者對大量收入不足的擔憂。該股票的交易價格接近3.54美元的52週低點，表明市場挑戰更廣泛。與市場相比，該股票的β為4.1，表現出明顯的波動性。分析師的價格目標從6.50美元到16.00美元不等，儘管最近面臨挑戰，但仍表明潛在上升空間。通過InvestingPro的全面研究報告，獲得詳細的估值指標和實時分析。

Outlook & Guidance

前景和指導

Looking ahead, Beyond Inc expects sequential revenue growth in Q2 and Q3 2025, with a gross margin target of 24-26%. The company aims to transition from restructuring to growth within 60 days, targeting a $1.2 billion annual revenue run rate. Strategic initiatives include the launch of the Buy Buy Baby token and the development of the Bed Bath Home concept.

展望未來，超越Inc預計，第二季度和第三季度的收入增長將在2025年第三季度增長，毛利率目標為24-26％。該公司的目標是在60天內從重組轉變為增長，以12億美元的年收入運行率。戰略舉措包括推出購買嬰兒代幣和Bed Bath Home Concept的開發。

Executive Commentary

執行評論

Marcus Lemonis, Executive Chairman, highlighted the company’s strategic shift, stating, “We are sixty days away from transitioning from a restructuring company to a growth company.” He also emphasized the importance of sales-driven profitability, noting, “You don’t cut your way to a profit. You sell your way to a profit.”

執行董事長馬庫斯·萊米尼斯（Marcus Lemonis）強調了該公司的戰略轉變，他說：“我們從重組公司過渡到成長公司六十天了。”他還強調了以銷售驅動的盈利能力的重要性，並指出：“您不會削減利潤。

Risks and Challenges

風險和挑戰

As Beyond Inc continues its recovery journey, it faces several challenges that could impact its performance and ability to achieve optimal results.

隨著INC的《超越INC》繼續其恢復旅程，它面臨著幾個挑戰，可能會影響其績效和實現最佳結果的能力。

Q&A

問答

During the earnings call, analysts focused on Beyond Inc’s revenue outlook and marketing strategies. Executives expressed confidence in achieving a positive Return on Ad Spend (ROAS) and discussed exploring blockchain tokenization for their brands. Potential retail liquidations and supply chain challenges were also addressed as opportunities for growth.

在收益電話期間，分析師專注於Beyond Inc的收入前景和營銷策略。高管表示有信心獲得積極的廣告支出回報（ROAS），並討論了為其品牌探索區塊鏈令牌化。潛在的零售清算和供應鏈挑戰也被確定為增長的機會。

Full transcript - Beyond Inc (BYON) Q1 2025:

完整成績單 - 超越公司（Byon）Q1 2025：

Aaron, Conference Operator: Good morning. My name is Aaron, and I’ll be your conference operator for today. At this time, I would like to welcome everyone to the Q1 twenty twenty five Beyond Incorporated Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question and answer session.

亞倫，會議運營商：早上好。我叫亞倫（Aaron），我將成為今天的會議運營商。目前，我想歡迎大家參加第1季度二十五十五次超越公司收益電話會議。所有線都已放在靜音上，以防止任何背景噪聲。演講者發表講話後，將會有一個問答環節。

If you would like to withdraw your question at any time, simply press star followed by the number one again. With that, I’m pleased to turn the call over to Melissa Smith, General Counsel and Corporate Secretary. Melissa, you may now begin.

如果您想隨時提取問題，只需按Star，然後再進行第一名即可。這樣，我很高興將電話交給總法律顧問兼公司秘書梅利莎·史密斯（Melissa Smith）。梅利莎，您現在可能開始。

Melissa Smith, General Counsel and Corporate Secretary, Beyond Inc.: Thank you, operator. Good morning, and welcome to Beyond Inc. First quarter twenty twenty five earnings conference call. Joining me on the call today are Executive Chairman and Principal Executive Officer, Marcus Lemonis, and president and chief financial officer, Adrian Lee. I’m also joined by Leah Putnam, chief accounting officer, and Alex Thomas, chief operating officer.

梅利莎·史密斯（Melissa Smith），總法律顧問兼公司秘書Beyond Inc。 ：謝謝運營商。早上好，歡迎來到Inc.超越公司。今天的電話是執行董事長兼首席執行官Marcus Lemonis，以及總裁兼首席財務官Adrian Lee。首席會計官利亞·普特南（Leah Putnam）和首席運營官亞歷克斯·托馬斯（Alex Thomas）也加入了我的行列。

Today’s discussion and our responses to your questions reflect management’s views

今天的討論以及我們對您問題的回答反映了管理層的觀點