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Investing.com -- Bengo4.com released its Q1 FY3/26 results on Wednesday, showing a significant jump in operating profit despite no revenue information from its recently launched Legal Brain service.
The company reported Q1 sales of ¥3.8 billion, representing a 15.3% year-over-year increase, which aligned with consensus estimates. Operating profit reached ¥510 million, surging 80.9% compared to the same period last year, exceeding the consensus estimate of ¥489 million but falling slightly short of the ¥542 million expected by Jefferies.
Operating profit margin expanded from 8.6% to 13.4% year-over-year, primarily due to reduced advertising expenditure. The company’s Cloud Sign service was a major contributor to earnings growth, benefiting from its high marginal profit ratio.
The number of paid lawyers using Bengo4.com’s services continued to increase as they adopted the company’s library and digitalization of case records services. Meanwhile, the Legal Brain service, launched in late May, has improved its response time from over 100 seconds to approximately 20 seconds, though no revenue figures were disclosed for this new offering.
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