Surprised the cash situation is not worse, considering how fast FD was losing money. It looks like they will survive.
Comparing: The balance sheet sez cash at YE15 is $1.645 million. Long term debt is roughly $4.3 million of which $2.3 million is associated with FD. Current liabilities is $15 million of which they are classifying $10.5 million associated with FD.
To Yahoo for prior year:
Valuation Measures Market Cap (intraday)5: 11.68M Enterprise Value (Mar 31, 2016)3: 15.47M Trailing P/E (ttm, intraday): N/A Forward P/E (fye Dec 31, 2016)1: N/A PEG Ratio (5 yr expected)1: N/A Price/Sales (ttm): 0.24 Price/Book (mrq): 0.82 Enterprise Value/Revenue (ttm)3: 0.34 Enterprise Value/EBITDA (ttm)6: -1.69 Financial Highlights Fiscal Year Fiscal Year Ends: Dec 31 Most Recent Quarter (mrq): Sep 30, 2015 Profitability Profit Margin (ttm): -23.61% Operating Margin (ttm): -22.22% Management Effectiveness Return on Assets (ttm): -19.94% Return on Equity (ttm): -69.04% Income Statement Revenue (ttm): 45.88M Revenue Per Share (ttm): 2.11 Qtrly Revenue Growth (yoy): 38.50% Gross Profit (ttm): 8.11M EBITDA (ttm)6: -9.14M Net Income Avl to Common (ttm): -10.83M Diluted EPS (ttm): -0.50 Qtrly Earnings Growth (yoy): N/A Balance Sheet Total Cash (mrq): 2.53M Total Cash Per Share (mrq): 0.11 Total Debt (mrq): 6.81M Total Debt/Equity (mrq): 50.35 Current Ratio (mrq): 0.43 Book Value Per Share (mrq): 0.58 Cash Flow Statement Operating Cash Flow (ttm): -3.87M Levered Free Cash Flow (ttm): -1.56M
Amigo or anyone else, What do you think the FD effect on cash/balance sheet was in 2015? Maybe -$3 million? And IVFH good bizs softened that with positive cash flow.
The good news is that IVFH did survive, seemingly better than I thought they did. Know you Dickmo were very concerned about what the cash drain was. Was it better than you thought?
The income and EBITDA in Yahoo above for last 12 months, were scary, about -$10 million, and operating cashflow -$4 mill, that is alarming, but yet the seem OK today.