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Corporate History The Company was originally incorporated with the name Brilliant Acquisition, Inc., under the laws of the State of Delaware on November 25, 2014, with an objective to acquire, or merge with, an operating business. On January 12, 2016, Thomas DeNunzio of 780 Reservoir Avenue, #123, Cranston, RI 02910, the sole shareholder of the Company, entered into a Share Purchase Agreement w…
The business is unprofitable at the operating level (-79.69% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 64.6% YoY. Margins deteriorated 86.5pp alongside, both lines moving the wrong way.
Free cash flow declined 457% versus the prior year, cash generation momentum has weakened. ROIC dropped from 5.72% to -35.28%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$9M
▼ -64.6% YoY
Net Income (TTM)
-$7M
▼ -687.4% YoY
Op. Margin
-79.69%
▼ -86.5pp YoY
ROIC
-35.28%
▼ -41.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$8M
▼ -457.0% YoY
Op. Cash Flow (TTM)
-$8M
▼ -399.1% YoY
Net Debt
-$7M
Net Cash Position
Cash & Equiv.
$8M
5Y CAGR: -16.3%
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