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Recent Acquisition, Change in Control and Change in Business Plan Change in Control . Effective as of March 5, 2025, the following has resigned as President /CEO of the Registrant, but shall remain as a member of the Board of Directors.
The business is unprofitable at the operating level (-95.44% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 1333.0%, still solid. Margins contracted 372.2pp, which offsets some of the top-line progress.
Free cash flow declined 10232% versus the prior year, cash generation momentum has weakened. ROIC dropped from -22.25% to -74.57%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$2M
▲ +1333.0% YoY
Net Income (TTM)
$1M
▼ -50.7% YoY
Op. Margin
-78.86%
▼ -372.2pp YoY
ROIC
-75.11%
▼ -52.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$1M
▼ -10232.4% YoY
Op. Cash Flow (TTM)
-$1M
▼ -9316.0% YoY
Net Debt
$2M
Cash & Equiv.
$18K
5Y CAGR: +10.8%
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