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Introduction Wealthbridge Acquisition Limited is a British Virgin Islands exempted company incorporated on May 2, 2018 as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination, with one or more target businesses. Our efforts to identify a prospective target busine…
The business is unprofitable at the operating level (-6.35% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 4.9% YoY. Margins deteriorated 9.3pp alongside, both lines moving the wrong way.
ROIC dropped from 2.33% to -6.99%, capital efficiency is deteriorating. Operating margin contracted 9.3pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$178M
▼ -4.9% YoY
Net Income (TTM)
-$84M
▼ -1643.8% YoY
Op. Margin
-6.35%
▼ -9.3pp YoY
ROIC
-6.99%
▼ -9.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$10M
▲ +7.4% YoY
Op. Cash Flow (TTM)
$10M
▲ +7.1% YoY
Net Debt
-$43M
Net Cash Position
Cash & Equiv.
$45M
5Y CAGR: -1.1%
5Y CAGR: -15.9%
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