Grounded People Apparel Inc. designs and sells canvas sneakers in North America and internationally. The company shows a strong gross margin of 96.7%, indicating effective cost management, but faces severe profitability challenges with an EBITDA and net margin of -3831.7%. Additionally, its liquidity ratios are concerning, with a current ratio of 0.20, suggesting potential difficulties in meeting short-term obligations. Despite high margins, the low market valuation of $0.12 raises questions about investor confidence and overall financial health.
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Company has $10K in cash but burned $270K last quarter. At this burn rate, only 0.0 quarters of runway remain without additional financing.
Company posted a loss of $-1.5M over the last year, representing 2691.3% of revenue.
Debt of $143K is 13.7x the company's cash position of $10K.
Operating cash flow has been negative for 3 consecutive quarters, burning $1.1M over the last year.
No significant opportunities identified
Based on current financial metrics
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Based on 2025-Q3 (August 31, 2025)