Beckett's Inc. produces and sells liquor-inspired, non-alcoholic, and hemp-derived Delta-9 THC-infused beverages in the U.S. and Canada. While the company boasts a strong gross margin of 63.2%, it faces significant concerns with an EBITDA and net margin of -247.8%, indicating substantial operational losses. Additionally, a current ratio of 0.34 and a quick ratio of 0.12 suggest liquidity challenges. The high gross margin juxtaposed with low valuation and profitability raises questions about sustainable growth and financial stability.
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Company has $72K in cash but burned $145K last quarter. At this burn rate, only 0.5 quarters of runway remain without additional financing.
Revenue fell 38.4% year-over-year from $1.3M to $826K. The decline has persisted for multiple quarters.
Company posted a loss of $-1.3M over the last year, representing 152.7% of revenue.
Operating cash flow has been negative for 3 consecutive quarters, burning $578K over the last year.
Gross margin expanded by 5.5 percentage points, indicating improved pricing power or cost efficiency.
Strong gross margin of 56.0% reflects healthy unit economics.
Debt-free balance sheet with a solid cash position, providing significant financial flexibility.
Low debt-to-revenue ratio of 0.0% indicates conservative financial management.
Valuation, risk assessment, competitive positioning, and key insights — all in one report.
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Based on 2026-Q1 (March 31, 2026)