Jack Nathan Medical Corp. operates medical clinics and an aesthetic wellness platform in Canada and Mexico. The company shows strong gross margins at 75.6%, indicating effective cost management; however, it faces significant concerns with negative EBITDA and net margins, reflecting ongoing operational losses. Additionally, a current and quick ratio below 1 suggests potential liquidity issues. While high margins are promising, the low market cap and stock price raise questions about overall financial stability and investor confidence.
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Company has $365K in cash but burned $1.7M last quarter. At this burn rate, only 0.2 quarters of runway remain without additional financing.
Company posted a loss of $-8.3M over the last year, representing 38.9% of revenue.
Debt of $13.9M is 38.0x the company's cash position of $365K.
Operating cash flow has been negative for 3 consecutive quarters, burning $6.9M over the last year.
Strong revenue growth of 22.4% YoY indicates solid business momentum.
Gross margin expanded by 9.5 percentage points, indicating improved pricing power or cost efficiency.
Both gross margin (+9.5pp) and operating margin (+0.0pp) are expanding simultaneously, indicating the company is scaling profitably.
Exceptional gross margin of 83.3% indicates strong pricing power and competitive moat.
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Based on 2024-FY (January 31, 2024)