Turnium Technology Group Inc. offers IT solutions globally, focusing on a Technology-as-a-Service platform for ISPs and IT providers. However, the company faces significant financial challenges, evidenced by a low gross margin of 36.5% and negative EBITDA and net margins of -26.9% and -26.5%, respectively. Additionally, a current and quick ratio of 0.28 indicates liquidity concerns. While the technology sector shows potential, Turnium's financial health score of 16/100 raises red flags for investors, suggesting a need for improved operational efficiency and capital management.
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Company has $214K in cash but burned $962K last quarter. At this burn rate, only 0.2 quarters of runway remain without additional financing.
Gross profit margin declined from 63.7% to 39.0% year-over-year, suggesting pricing pressure or rising input costs are squeezing profitability.
Company posted a loss of $-15.1M over the last year, representing 96.2% of revenue.
Debt of $20.5M is 95.9x the company's cash position of $214K.
Operating cash flow has been negative for 3 consecutive quarters, burning $3.8M over the last year.
Exceptional revenue growth of 94.8% YoY demonstrates strong market demand and competitive positioning.
Valuation, risk assessment, competitive positioning, and key insights — all in one report.
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Based on 2026-Q3 (June 30, 2026)