CleanGo Innovations Inc. manufactures non-toxic, biodegradable cleaning solutions for various applications. While the company boasts a strong gross margin of 51.7%, its significant negative EBITDA and net margins indicate ongoing financial struggles. Additionally, a current ratio of 0.12 and quick ratio of 0.05 raise concerns about liquidity and short-term solvency. The high gross margin juxtaposed with poor overall profitability suggests potential inefficiencies or high operational costs that need addressing. Overall, while the product offering is promising, financial health remains a critical concern.
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Company is burning $42K per quarter with $87K in cash. Approximately 2.1 quarters of runway at current burn rate.
Revenue fell 27.4% year-over-year from $209K to $152K. The decline has persisted for multiple quarters.
Company posted a loss of $-1.5M over the last year, representing 970.2% of revenue.
Debt of $357K is 4.1x the company's cash position of $87K.
Gross margin expanded by 12.5 percentage points, indicating improved pricing power or cost efficiency.
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Based on 2026-H1 (June 30, 2026)