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MDwerks, Inc. (the Company, MDwerks, we, us, or our ), a Delaware corporation, is a technology company pioneering the development of innovative energy wave solutions for industrial and other commercial enterprises. Our expertise in radio wave technologies and microwave technologies has led to multiple breakthroughs with applications both industrial and commercial.
The business is unprofitable at the operating level (-168.72% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 6.3% YoY. Margins deteriorated 105.2pp alongside, both lines moving the wrong way.
ROIC dropped from -53.60% to -153.23%, capital efficiency is deteriorating. Negative free cash flow of -$2M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$2M
▼ -6.3% YoY
Net Income (TTM)
-$4M
▼ -134.3% YoY
Op. Margin
-185.34%
▼ -105.2pp YoY
ROIC
-139.78%
▼ -99.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$2M
▼ -210.1% YoY
Op. Cash Flow (TTM)
-$2M
▼ -101.3% YoY
Net Debt
$1M
Cash & Equiv.
$96K
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