Modern Plant Based Foods Inc. develops and distributes plant-based meat alternatives in Canada and the U.S. However, the company faces significant challenges, including a very low gross margin of 1.8% and a concerning EBITDA margin of -68.6%, indicating operational inefficiencies. Additionally, a current ratio of 0.06 suggests severe liquidity issues, raising concerns about its ability to meet short-term obligations. The sharp decline in stock price (-61.11%) further highlights market apprehension regarding its financial stability and growth prospects.
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Company has $14K in cash but burned $80K last quarter. At this burn rate, only 0.2 quarters of runway remain without additional financing.
Company posted a loss of $-603K over the last year, representing 104.1% of revenue.
Debt of $2.3M is 160.5x the company's cash position of $14K.
Operating cash flow has been negative for 3 consecutive quarters, burning $320K over the last year.
Operating margin expanded by 112.5pp, demonstrating strong operational leverage.
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Based on 2026-Q3 (May 31, 2026)