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We are a fashion technology company operating an integrated portfolio of businesses designed to address the most pressing challenges facing fashion brands and retailers today size and fit accuracy, excess inventory management, circular economy solutions, and international market distribution. Through our subsidiaries, we provide end-to-end support across the fashion value chain: Naiz Fit, our t…
The business is unprofitable at the operating level (-61.31% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 13.4%, still solid. Margins contracted 13.5pp, which offsets some of the top-line progress.
ROIC dropped from -49.40% to -67.79%, capital efficiency is deteriorating. Negative free cash flow of -$5M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (FY)
$9M
▲ +13.4% YoY
Net Income (TTM)
-$6M
▼ -46.5% YoY
Op. Margin
-61.31%
▼ -13.5pp YoY
ROIC
-70.52%
▼ -18.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$6M
▼ -66.4% YoY
Op. Cash Flow (TTM)
-$6M
▼ -66.3% YoY
Net Debt
$625K
Cash & Equiv.
$654K
5Y CAGR: +131.1%
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