Well, we all like facts. We’ll put out the current numbers and run a comparison when the Sec filings come out.
Let’s start with P/B which was already talked about here. For ref. under 1.00 would be a goal, however for some they want under 0.3.
Price to Book for cvsi is 5.72x, I know of no other in this sector that is higher.
Financial strength, nope. As they stated in the last 10Q they need to secure a loan. The problem with that is they have no operating profits and it certainly is questionable if their current assets would be enough.
And what about Profitability
ROE NEG- 250.71%
ROA NEG- 76.09%
ROI NEG- 228.01%
Growth rates - None
Operating Profit Margin NEG- 77%
Net Profit Margin NEG- 85%
Balance sheet, income statement, cash flow all falling since 2019.
In regards to earnings, they haven’t had any in 3 years. During that 3 year period they have went from over 6 dollars a share down to 5 cents a share.
These are all current numbers.
Now in less than 20 days I’m guessing we will have the 4th qt and year end numbers. We’ll see how they compare.
Also from the SEC filings we have:
The Company's operating results and accumulated deficit, amongst other factors, raise substantial doubt about the Company's ability to continue as a going concern. The Company will continue to pursue the actions outlined above, as well as work towards increasing revenue and operating cash flows to meet its future liquidity requirements. However, there can be no assurance that the Company will be successful in any capital-raising efforts that it may undertake, and the failure of the Company to raise additional capital could adversely affect its future operations and viability.
And from that “The Company's operating results and accumulated deficit, amongst other factors, raise substantial doubt about the Company's ability to continue as a going concern”
Operating results in regards to this company shows losses every quarter for 3 years in a row. I don’t believe there will be much help from the operating results, I do believe there will be even more losses, which I would think leads to a business loan from somewhere.
“ there can be no assurance that the Company will be successful in any capital-raising efforts”
there have been no capital-raising in regards to business loans in Oct, nor Nov, Dec, Jan, and here we are in Feb. So, at what point do we entertain the-
“and the failure of the Company to raise additional capital could adversely affect its future operations and viability” .
I think it’s a fair question. And so, what exactly are all the implications? All IMO
Bearish
