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We specialize in the development and production of cleaning products that produce pure aqueous ozone for professional, industrial, or home use. We have a patented nanobubble technology using aqueous ozone that we believe is highly effective in cleaning, sanitizing, and deodorizing surfaces and high-touch areas.
The business is unprofitable at the operating level (-308.10% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 29.2%, still solid. Margins contracted 186.8pp, which offsets some of the top-line progress.
ROIC dropped from -30.85% to -120.72%, capital efficiency is deteriorating. Negative free cash flow of -$2M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$3M
▲ +29.2% YoY
Net Income (TTM)
-$159M
▼ -195.5% YoY
Op. Margin
-1519.75%
▼ -186.8pp YoY
ROIC
-48.18%
▼ -89.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$15M
▼ -52.1% YoY
Op. Cash Flow (TTM)
-$15M
▼ -51.0% YoY
Net Debt
-$3M
Net Cash Position
Cash & Equiv.
$4M
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