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Nano Magic Inc., a Delaware corporation ( we , us , our , Nano Magic or the Company ), formerly Nano Magic Holdings Inc., develops, commercializes and markets nanotechnology powered consumer and industrial cleaners and coatings to clean, protect, and enhance products for peak performance. Consumer products include lens and screen cleaners and coatings, anti-fog solutions, and household and auto…
The business is unprofitable at the operating level (-102.10% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 8.0%, steady but not accelerating.
ROIC dropped from -89.69% to -94.50%, capital efficiency is deteriorating. Negative free cash flow of -$2M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$3M
▲ +8.0% YoY
Net Income (TTM)
-$4M
▼ -35.9% YoY
Op. Margin
-148.98%
▲ +28.0pp YoY
ROIC
-251.33%
▼ -4.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$2M
▲ +9.7% YoY
Op. Cash Flow (TTM)
-$2M
▲ +10.0% YoY
Net Debt
$597K
Cash & Equiv.
$39K
5Y CAGR: -9.2%
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