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and Mission We believe the world needs and deserves a new approach to innovation that harnesses the power of large groups of stakeholders who work together to ensure that the most promising innovations reach people who need them most. We were incorporated in the State of Delaware on September 28, 2017, and our headquarters are in Mountain View, California.
The business is unprofitable at the operating level (-612542.22% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 97.6% YoY. Margins deteriorated 591746.1pp alongside, both lines moving the wrong way.
ROIC dropped from -95.07% to -193.62%, capital efficiency is deteriorating. Negative free cash flow of -$26M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$14K
▼ -97.6% YoY
Net Income (TTM)
-$53M
▼ -6.8% YoY
Op. Margin
-127821.37%
▼ -591746.1pp YoY
ROIC
-158.71%
▼ -98.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$19M
▼ -53.3% YoY
Op. Cash Flow (TTM)
-$19M
▼ -53.3% YoY
Net Debt
$4M
Cash & Equiv.
$269K
3Y CAGR: -84.9%
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