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under License, Distribution and Administrative Service Arrangements with Grafiti LLC . Agreement Entered into by Grafiti Holding in connection with the Spinoff Separation and Distribution Agreement On October 23, 2023, the Parent and the Company entered into a Separation and Distribution Agreement, pursuant to which all of the outstanding shares of Grafiti Limited, were transferred to the Compa…
The business is unprofitable at the operating level (-14131.04% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
ROIC dropped from -462.17% to -1616.04%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$201K
Net Income (TTM)
-$1M
▲ +84.2% YoY
Op. Margin
-16083.25%
ROIC
-1003.48%
▼ -1153.9pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
-$19M
▼ -52.6% YoY
Net Debt
$315K
Cash & Equiv.
$682K
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