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We are a materials technology and manufacturing company focused on the development and commercialization of products made from proprietary amorphous alloys and/or utilizing proprietary amorphous alloy manufacturing technologies. In addition to developing our own manufacturing facility through our subsidiary in China, we work with third-party manufacturing and commercial partners to develop and …
The business is unprofitable at the operating level (-477.30% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 8.8% YoY. Margins deteriorated 92.1pp alongside, both lines moving the wrong way.
Negative free cash flow of -$3M. The business is consuming cash, not generating it. Operating margin contracted 92.1pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$758K
▼ -8.8% YoY
Net Income (TTM)
-$3M
▼ -55.0% YoY
Op. Margin
-524.93%
▼ -92.1pp YoY
ROIC
-11.34%
▼ -1.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$3M
▼ -138.2% YoY
Op. Cash Flow (TTM)
-$3M
▼ -137.9% YoY
Net Debt
-$13M
Net Cash Position
Cash & Equiv.
$14M
5Y CAGR: -4.5%
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