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Corporate History and Background We were originally incorporated in Delaware on June 14, 2021 under the name Nubia Brand International Corp. as a special purpose acquisition company, formed for the purpose of effecting an initial business combination with one or more target businesses. On March 14, 2022 (the IPO Closing Date ), we consummated our initial public offering (the IPO ).
The business is unprofitable at the operating level (-96785.81% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
ROIC dropped from -358.72% to -400.84%, capital efficiency is deteriorating. Negative free cash flow of -$5M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (FY)
$13K
Net Income (TTM)
-$52M
▼ -26.5% YoY
Op. Margin
-96785.81%
ROIC
-404.37%
▼ -42.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$2M
▲ +36.9% YoY
Op. Cash Flow (TTM)
-$2M
▲ +38.5% YoY
Net Debt
$3M
Cash & Equiv.
$39K
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