Maison Solutions Inc. (MSS)
Maison Solutions Inc., along with its affiliated entities, functions as a niche grocery retailer across California. The company offers a wide array of products, including fresh perishables like meats, seafood, fruits, and vegetables. Its inventory also features non-perishable goods such as kitchenware, canned foods, specialized Chinese and Asian spices and seasonings, and snack items. Additionally, its establishments provide alcoholic beverages, tobacco, lottery services, newspapers, reusable shopping bags, various household essentials, health and beauty products, general merchandise, pharmaceutical items, and fuel. Customers can acquire these items both in its physical stores and through its digital platform. Established in 2019, the firm was formerly known as Maison International, Inc. until it rebranded to Maison Solutions Inc. in September 2021, and its primary operations are based in Monterey Park, California.
Sector: Retail-Grocery Stores
Industry: Grocery Stores
Maison Solutions Inc. Class A Common Stock
NASDAQ:MSSConsumer Defensive · Grocery Stores
AHAfter hours+0.00%$1.17
Prev close$0.9896+18.23%Close$1.170.00%Now$1.17
Close$1.17+18.23%
Mkt Cap$1.05M
Float568K
O/S837K
VOL121K sh
$ Vol$134K
RVOL2.08×
Inst Own7.3%
SI9.6%
Dilution
Financials Summary
Revenue$124.22M
Net Income$1.17M
Total Assets$77.36M
Free Cash Flow$4.58M
Debt & Equity
Debt 81%
Equity 19%
Total Debt$51.24M
Total Equity$11.67M
Shares Outstanding
Short Interest
Split History2 splits · 2 reverse
2-year cumulative
1:50
Nasdaq bars a compliance period at 1:250
- 1:5Reverse splitJul 22, 20265 shares → 1
- 1:10Reverse splitApr 24, 202610 shares → 1
Balance Sheet Details
Assets$77.36M
Liabilities$65.72M
Accounts Receivable$3.96M
Accounts Payable$7.99M
Inventory$5.75M
PP&E (Net)$40.09M
Goodwill$14.88M
Intangible Assets$7.42M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 |
| Revenue | $124.22M | $58.04M | $55.4M | $41.98M | $41.2M |
| YoY Growth | 114.0% | 4.8% | 32.0% | 1.9% | - |
| Cost of Revenue | $97.87M | $46.42M | $42.95M | $33.7M | $32.88M |
| Gross Profit | $26.34M | $11.62M | $12.45M | $8.29M | $8.31M |
| Gross Margin | 21.2% | 20.0% | 22.5% | 19.7% | 20.2% |
| Research and Development | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $27.61M | $14.33M | $12.37M | $9.11M | $7.76M |
| Other | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $27.61M | $14.33M | $12.37M | $9.11M | $7.76M |
| Operating Income (EBIT) | -$1.27M | -$2.7M | $84K | -$827K | $553K |
| Operating Margin | -1.0% | -4.7% | 0.2% | -2.0% | 1.3% |
| Interest Expense | $1.17M | $124K | $0 | $0 | $59K |
| Interest Income | $0 | $0 | $43K | $43K | $0 |
| Other Income (Expense) | $2.36M | -$242K | $1.89M | $199K | $909K |
| Income Before Tax (EBT) | $1.09M | -$2.95M | $1.98M | -$627K | $1.46M |
| Income Tax Expense | $174K | $441K | $336K | $28K | $436K |
| Net Income | $1.17M | -$3.34M | $1.25M | -$563K | $904K |
| Net Income Margin | 0.9% | -5.8% | 2.3% | -1.3% | 2.2% |
| Supplementary Data | |||||
| EPS | 3.35 | -0.19 | 3.39 | -1.52 | 2.44 |
| Diluted EPS | 3.30 | -0.19 | 3.39 | -1.52 | 2.44 |
| Weighted Average OS | 349,010 | 17.91M | 370,000 | 370,000 | 370,000 |
| EBITDA | -$230K | -$2.36M | $455K | -$389K | $1.13M |
| EBITDA Margin | -0.2% | -4.1% | 0.8% | -0.9% | 2.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 |
| Assets | |||||
| Current Assets | |||||
| Cash and Cash Equivalents | $775K | $2.07M | $2.57M | $898K | $714K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $775K | $2.07M | $2.57M | $898K | $714K |
| Accounts Receivable | $3.96M | $606K | $1.19M | $4.84M | $2.23M |
| Inventory | $5.75M | $6.8M | $2.98M | $2.32M | $1.94M |
| Other Current Assets | $0 | -$834K | $0 | $272K | $0 |
| Total Current Assets | $12.93M | $11.91M | $8.29M | $9.06M | $4.89M |
| Long-Term Assets | |||||
| Property, Plant & Equipment Net | $40.09M | $43.06M | $23.22M | $16.45M | $17.98M |
| Goodwill | $14.88M | $16.96M | $2.22M | $0 | $0 |
| Intangible Assets | $7.42M | $7.98M | $197K | $15K | $10K |
| Long-Term Investments | $1.09M | $1.54M | $203K | $203K | $74K |
| Deferred Tax Assets | $0 | $15K | $457K | $301K | -$74K |
| Other Long-Term Assets | $956K | $947K | $1K | $74K | $377K |
| Total Long-Term Assets | $64.44M | $70.5M | $26.3M | $17.04M | $18.37M |
| Other Assets | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $77.36M | $82.41M | $34.58M | $26.1M | $23.26M |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | $7.99M | $5.39M | $3.11M | $3.37M | $1.94M |
| Short-Term Debt | $6.4M | $15.78M | $521K | $498K | $305K |
| Current Income Tax Payable | $816K | $443K | $990K | $474K | $441K |
| Current Unearned Revenue | $702K | $966K | $449K | $371K | $177K |
| Other Current Liabilities | $0 | -$492K | $0 | $0 | $0 |
| Total Current Liabilities | $22.75M | $28.77M | $8.37M | $7.54M | $4.74M |
| Long-Term Liabilities | |||||
| Long-Term Debt | $3.89M | $2.5M | $2.56M | $2.8M | $1.07M |
| Long-Term Unearned Revenue | $0 | $15K | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $1.18M | $1.27M | $40K | $0 | $0 |
| Other Long-Term Liabilities | $1.14M | $125K | $106K | $55K | $61K |
| Total Long-Term Liabilities | $42.98M | $42.92M | $25.42M | $19.4M | $18.72M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $65.72M | $71.69M | $33.79M | $26.95M | $23.45M |
| Stockholders' Equity | |||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $2K | $2K | $2K | $2K | $2K |
| Retained Earnings | -$1.65M | -$2.82M | $523K | -$729K | -$166K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $13.31M | $13.31M | $0 | $0 | $0 |
| Total Equity | $11.67M | $10.5M | $524K | -$727K | -$165K |
| Minority Interest | -$27K | $221K | $268K | -$120K | -$27K |
| Total Liabilities and Equity | $77.39M | $82.19M | $34.32M | $26.22M | $23.29M |
| Supplementary Data | |||||
| Total Debt | $51.24M | $61.38M | $27.56M | $20.91M | $19.97M |
| Net Debt | $50.46M | $59.31M | $24.99M | $20.02M | $19.25M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 |
| Operating Activities | |||||
| Net Income | $921K | -$3.39M | $1.64M | -$655K | $1.03M |
| Depreciation & Amortization | $1.04M | $462K | $372K | $437K | $579K |
| Deferred Income Tax | -$88K | -$12K | -$3K | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||
| Accounts Receivable | -$2.04M | -$68K | -$14K | $264K | -$412K |
| Inventory | $770K | $914K | $344K | -$391K | -$420K |
| Accounts Payable | $2.66M | $47K | -$751K | $1.43M | -$957K |
| Other Working Capital | $1.43M | -$1.93M | -$1.2M | $386K | $1.26M |
| Total Working Capital Change | $2.81M | -$1.04M | -$1.62M | $1.69M | -$528K |
| Other Non-Cash Items | $76K | $473K | $96K | $15K | $32K |
| Net Cash from Operating | $4.76M | -$3.5M | $484K | $1.49M | $1.11M |
| Investing Activities | |||||
| Capital Expenditures | -$175K | -$382K | -$49K | -$64K | -$37K |
| Acquisitions | -$62K | -$7M | -$2.5M | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$4.83M | $4.41M | -$3.22M | -$1.19M |
| Net Cash from Investing | -$237K | -$12.21M | $1.86M | -$3.28M | -$1.23M |
| Financing Activities | |||||
| Debt Repaid | $7.24M | $371K | $363K | -$1.92M | $525K |
| Common Stock Issuance | $0 | $13.31M | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | -$126K |
| Net Cash from Financing | -$5.82M | $13.14M | -$747K | $1.98M | -$651K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$1.3M | -$2.57M | $1.6M | $184K | -$768K |
| Supplementary Data | |||||
| Operating Cash Flow | $4.76M | -$3.5M | $484K | $1.49M | $1.11M |
| Capital Expenditure | -$175K | -$3.33M | -$49K | -$64K | -$37K |
| Free Cash Flow | $4.58M | -$6.84M | $435K | $1.42M | $1.07M |
| Cash at Beginning | $2.08M | $2.57M | $972K | $789K | $1.56M |
| Cash at End | $775K | $1K | $2.57M | $972K | $789K |