/
We are an international seafood company based in Miami, Florida that imports, packages and sells refrigerated pasteurized crab meat, and other premium seafood products. Our current source of revenue is from purchasing blue and red swimming crab meat primarily from South East Asia and distributing it in the United States and Canada under several brand names such as Blue Star, Oceanica, Pacifika,…
The business is unprofitable at the operating level (-81.84% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 19.6% YoY. The question is whether this is cyclical or a structural shift.
ROIC dropped from -478.76% to -593.42%, capital efficiency is deteriorating. Negative free cash flow of -$684K. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$3M
▼ -19.6% YoY
Net Income (TTM)
-$4M
▲ +71.3% YoY
Op. Margin
-81.84%
▲ +202.9pp YoY
ROIC
-593.42%
▼ -114.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$684K
▲ +89.1% YoY
Op. Cash Flow (TTM)
-$675K
▲ +89.1% YoY
Net Debt
$471K
Cash & Equiv.
$14K
5Y CAGR: -27.2%
Continue Research