/
Company Overview We are one of the world s leading online marketplaces for connecting design lovers with many of the best sellers and makers of vintage, antique, and contemporary furniture, home d cor, jewelry, watches, art, and fashion. We believe we are a leading online marketplace for these luxury design items based on the aggregate number of listings on our online marketplace and our Gross …
The business is unprofitable at the operating level (-21.16% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue growth slowed to 1.5%, essentially flat. This is a business that needs a catalyst.
Negative free cash flow of -$3M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$89M
▲ +1.5% YoY
Net Income (TTM)
-$11M
▲ +26.7% YoY
Op. Margin
-17.92%
▲ +8.5pp YoY
ROIC
-11.44%
▲ +2.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$2M
▲ +33.8% YoY
Op. Cash Flow (TTM)
-$1M
▲ +16.3% YoY
Net Debt
-$68M
Net Cash Position
Cash & Equiv.
$85M
5Y CAGR: +1.8%
Continue Research