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The Company was originally incorporated in Delaware on October 20, 2021 under the name Alset Capital Acquisition Corp. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (the Business Combination ).
The business is unprofitable at the operating level (-354.36% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 30.8% YoY. Margins deteriorated 178.5pp alongside, both lines moving the wrong way.
Negative free cash flow of -$2M. The business is consuming cash, not generating it. Operating margin contracted 178.5pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$636K
▼ -30.8% YoY
Net Income (TTM)
-$3M
▲ +4.3% YoY
Op. Margin
-500.10%
▼ -178.5pp YoY
ROIC
-72.86%
▲ +0.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$1M
▲ +4.3% YoY
Op. Cash Flow (TTM)
-$1M
▲ +3.8% YoY
Net Debt
-$1M
Net Cash Position
Cash & Equiv.
$2M
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