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We are a growing agriculture technology company providing Controlled Environment Agriculture ( CEA ) hardware products to growers in the CEA industry setting in North America. We provide hardware to design, build and operate various indoor growing settings, including greenhouse and indoor growing spaces.
The business is unprofitable at the operating level (-410.50% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 81.2% YoY. Margins deteriorated 298.8pp alongside, both lines moving the wrong way.
Negative free cash flow of -$4M. The business is consuming cash, not generating it. Operating margin contracted 298.8pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$677K
▼ -81.2% YoY
Net Income (TTM)
-$7M
▲ +12.2% YoY
Op. Margin
-1045.43%
▼ -298.8pp YoY
ROIC
-58.11%
▲ +40.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$5M
▲ +32.9% YoY
Op. Cash Flow (TTM)
-$5M
▲ +32.9% YoY
Net Debt
$12M
Cash & Equiv.
$46K
3Y CAGR: -54.6%
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