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Goodfood Market Corp. is an online grocery company in Canada that delivers fresh meals and grocery products. While it boasts a strong gross margin of 42.3%, its net margin is concerning at -9.4%, indicating profitability challenges. The current ratio of 1.12 suggests adequate liquidity, but the quick ratio of 0.96 raises concerns about immediate financial health. The recent 11.67% drop in stock price reflects market uncertainty, despite the company's potential in the growing online grocery sector.
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Revenue fell 22.6% year-over-year from $147.0M to $113.8M. The decline has persisted for multiple quarters.
Debt of $51.5M is 4.4x the company's cash position of $11.8M.
No significant opportunities identified
Based on current financial metrics
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