Blender Bites Limited manufactures and distributes natural and organic frozen smoothie products in Canada and the U.S. While the company has a gross margin of 27%, indicating potential profitability, it faces significant concerns with negative EBITDA and net margins of -57.5% and -59.4%, respectively. Additionally, a current ratio of 0.82 suggests liquidity challenges. The stock's recent decline of 18.75% may reflect investor apprehension regarding its financial health, particularly given its low market cap of $1.64M. Overall, while there is room for growth, financial stability remains a critical issue.
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Company has $350K in cash but burned $875K last quarter. At this burn rate, only 0.4 quarters of runway remain without additional financing.
Gross profit margin declined from 39.4% to 18.3% year-over-year, suggesting pricing pressure or rising input costs are squeezing profitability.
Company posted a loss of $-3.9M over the last year, representing 71.6% of revenue.
Debt of $2.0M is 5.8x the company's cash position of $350K.
Operating cash flow has been negative for 3 consecutive quarters, burning $3.5M over the last year.
Exceptional revenue growth of 104.9% YoY demonstrates strong market demand and competitive positioning.
Operating margin expanded by 224.5pp, demonstrating strong operational leverage.
Valuation, risk assessment, competitive positioning, and key insights — all in one report.
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Based on 2024-Q3 (July 31, 2024)