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We are based in the city of Ontario, California, and were incorporated in Nevada in 2012. In December of 2013, we filed an S-1 registration statement that went effective on March 14, 2014.
The business is unprofitable at the operating level (-1918.75% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 35.9% YoY. Margins deteriorated 361.4pp alongside, both lines moving the wrong way.
Negative free cash flow of -$5M. The business is consuming cash, not generating it. Operating margin contracted 361.4pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$113K
▼ -35.9% YoY
Net Income (TTM)
-$5M
▼ -49.6% YoY
Op. Margin
-4340.43%
▼ -361.4pp YoY
ROIC
-280.23%
▲ +7.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$5M
▼ -9.7% YoY
Op. Cash Flow (TTM)
-$5M
▼ -9.6% YoY
Net Debt
-$6M
Net Cash Position
Cash & Equiv.
$6M
5Y CAGR: -31.4%
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