PlasCred Circular Innovations Inc. specializes in recycling plastic waste in Canada, converting unsorted materials into renewable green condensate. The company faces significant concerns, including a negative ROA of -46.6% and a low current ratio of 0.18, indicating liquidity issues. While the waste management sector has growth potential due to increasing environmental awareness, the current financial metrics raise red flags about operational efficiency and financial stability. Overall, investors should weigh the company's innovative approach against its challenging financial health.
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Company is burning $112K per quarter with $296K in cash. Approximately 2.6 quarters of runway at current burn rate.
Company posted a loss of $-2.7M over the last year, representing Infinity% of revenue.
Operating cash flow has been negative for 3 consecutive quarters, burning $448K over the last year.
Debt-free balance sheet with a solid cash position, providing significant financial flexibility.
Valuation, risk assessment, competitive positioning, and key insights — all in one report.
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Based on 2025-Q2 (June 30, 2025)