/
INTRODUCTION This information included in this Annual Report should be read in conjunction with the consolidated financial statements and related notes in Item 8. Our logo and some of our trademarks and tradenames are used in this Annual Report.
The business is unprofitable at the operating level (-9867.92% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 215.9% YoY with margins expanding 890.8pp.
ROIC dropped from -24.10% to -44.17%, capital efficiency is deteriorating. Negative free cash flow of -$13M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$478K
▲ +215.9% YoY
Net Income (TTM)
-$42M
▼ -557.9% YoY
Op. Margin
-8903.32%
▲ +890.8pp YoY
ROIC
-44.33%
▼ -20.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$13M
▲ +6.3% YoY
Op. Cash Flow (TTM)
-$13M
▲ +6.2% YoY
Net Debt
-$4M
Net Cash Position
Cash & Equiv.
$4M
5Y CAGR: -52.1%
Continue Research