We use our proprietary technology to develop designs for renewable energy systems, primarily for Ocean Thermal Energy Conversion ( OTEC ), Seawater Air Conditioning ( SWAC ), and Lake Source Cooling ( LSC ) systems. Our geographical markets are tropical and subtropical regions of the world for OTEC, SWAC, and LSC, and worldwide markets for SWAC and LSC.
The business is unprofitable at the operating level (-5.71% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Negative free cash flow of -$93K. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$3M
Net Income (TTM)
-$6M
▼ -5747.0% YoY
Op. Margin
-12.73%
ROIC
-8.88%
▲ +30.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$169K
▲ +83.4% YoY
Op. Cash Flow (TTM)
-$169K
▲ +83.4% YoY
Net Debt
$3M
Cash & Equiv.
$166K
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