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Prior Operations ORGANIZATIONAL HISTORY We were incorporated in the State of Nevada on October 30, 2013, under the name Bling Marketing, Inc. . Until December 29, 2014, we were a wholesaler of jewelry, principally earrings, rings, and pendants ( BMI Business ).
The business is unprofitable at the operating level (-9196.80% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 91.0% YoY. Margins deteriorated 9069.3pp alongside, both lines moving the wrong way.
ROIC dropped from -3.95% to -25.14%, capital efficiency is deteriorating. Operating margin contracted 9069.3pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
-$36K
▼ -91.0% YoY
Net Income (TTM)
-$12M
▼ -1965.7% YoY
Op. Margin
38013.05%
▼ -9069.3pp YoY
ROIC
-25.54%
▼ -21.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$948K
▲ +628.9% YoY
Op. Cash Flow (TTM)
$948K
▲ +628.9% YoY
Net Debt
-$16K
Net Cash Position
Cash & Equiv.
$16K
5Y CAGR: -21.5%
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