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We develop, produce, market and distribute premium beverages that we sell and distribute in the United States and Canada through our network of independent distributors, directly to our national and regional retail accounts and directly to consumers through e-commerce. Our products are sold in grocery stores, convenience and gas stores, on fountain in restaurants, up and down the street in inde…
The business is unprofitable at the operating level (-18.84% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 42.2% YoY with margins expanding 35.9pp.
Negative free cash flow of -$2M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$34M
▲ +42.2% YoY
Net Income (TTM)
-$812K
▲ +82.0% YoY
Op. Margin
-4.35%
▲ +35.9pp YoY
ROIC
-22.40%
▲ +48.3pp YoY
Cash Flow & Balance Sheet
FCF (FY)
-$2M
▲ +72.4% YoY
Op. Cash Flow (FY)
-$1M
▲ +79.6% YoY
Net Debt
-$718K
Net Cash Position
Cash & Equiv.
$4M
5Y CAGR: +16.3%
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