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ORGANIZATION AND BUSINESS BACKGROUND Agape ATP Corporation, a Nevada corporation ( the Company ) was incorporated under the laws of the State of Nevada on June 1, 2016. Agape ATP Corporation operates through its subsidiaries, namely, Agape ATP Corporation ( AATP LB ), a company incorporated in Labuan, Malaysia, and Agape Superior Living Sdn.
The business is unprofitable at the operating level (-213.65% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 15.2%, still solid. Margins contracted 19.1pp, which offsets some of the top-line progress.
Negative free cash flow of -$2M. The business is consuming cash, not generating it. Operating margin contracted 19.1pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$2M
▲ +15.2% YoY
Net Income (TTM)
-$2M
▲ +7.7% YoY
Op. Margin
-212.98%
▼ -19.1pp YoY
ROIC
-11.06%
▲ +36.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$1M
▲ +11.5% YoY
Op. Cash Flow (TTM)
-$1M
▲ +11.5% YoY
Net Debt
-$40K
Net Cash Position
Cash & Equiv.
$221K
5Y CAGR: -15.1%
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