Frequency Exchange Corp. develops wearable frequency delivery systems aimed at enhancing health and wellness. The company shows strong gross margins at 70.6%, indicating potential for profitability; however, it faces significant concerns with negative EBITDA and net margins, suggesting operational inefficiencies. Additionally, a high debt-to-equity ratio of 4.94 raises red flags about financial leverage. While the current ratio is slightly above 1, liquidity remains tight, and the overall financial health score of 27/100 reflects substantial challenges ahead.
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Company has $489K in cash but burned $441K last quarter. At this burn rate, only 1.1 quarters of runway remain without additional financing.
Revenue fell 32.1% year-over-year from $953K to $647K. The decline has persisted for multiple quarters.
Gross profit margin declined from 69.9% to 59.3% year-over-year, suggesting pricing pressure or rising input costs are squeezing profitability.
Company posted a loss of $-2.2M over the last year, representing 346.5% of revenue.
Operating cash flow has been negative for 3 consecutive quarters, burning $1.8M over the last year.
Strong gross margin of 59.3% reflects healthy unit economics.
Strong balance sheet with net cash position provides cushion for growth investments.
Valuation, risk assessment, competitive positioning, and key insights — all in one report.
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Based on 2026-Q2 (June 30, 2026)