/
We are, through the operation and acquisition of fintech and e-commerce platforms and mobile applications through our direct and indirect wholly or majority-owned subsidiaries, building the next generation digital ecosystem and loyalty platform in the Southeast Asian ( SEA ) countries of Singapore, Vietnam, Indonesia, Philippines and Thailand. We currently market to both consumers and merchants…
The business is unprofitable at the operating level (-131.18% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 13.0% YoY. The question is whether this is cyclical or a structural shift.
ROIC dropped from -92.29% to -170.98%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$8M
▼ -13.0% YoY
Net Income (TTM)
-$11M
▲ +43.6% YoY
Op. Margin
-135.93%
▲ +88.6pp YoY
ROIC
-160.23%
▼ -78.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$19M
▲ +117.3% YoY
Op. Cash Flow (TTM)
-$19M
▲ +117.8% YoY
Net Debt
-$6M
Net Cash Position
Cash & Equiv.
$7M
3Y CAGR: +139.1%
Continue Research