Investment Thesis
Citrine Global exhibits critical financial distress with collapsing revenue (-92% YoY), severe operating losses exceeding $832K, and negative stockholders equity of -$3.9M indicating technical insolvency. The company is burning cash with negative operating cash flow of -$222K and maintaining minimal liquidity (current ratio 0.04x) with only $7K in cash against $5.2M in liabilities, creating an existential solvency crisis.
Strengths
- Minimal capital expenditure requirements suggest low ongoing infrastructure needs
Risks
- Revenue collapsed 92% year-over-year indicating severe market rejection or operational failure
- Negative stockholders equity of -$3.9M means liabilities exceed assets; company is technically insolvent
- Critically low liquidity with current ratio of 0.04x and only $7K cash against $5.2M liabilities creates imminent default risk
- Persistent operating losses with net margin of -11,669% demonstrate fundamental business model failure
- Negative free cash flow of -$226K indicates company cannot self-fund operations or service debt
- Gross margin of -19.8% suggests operations are destructive at the product level
Key Metrics to Watch
- Cash burn rate and runway to depletion
- Debt restructuring or covenant compliance status
- Revenue stabilization or further contraction trends
- Potential debt covenant defaults or technical insolvency proceedings
Financial Metrics
Revenue
11.4K
Net Income
-1.3M
EPS (Diluted)
$0.00
Free Cash Flow
-226.0K
Total Assets
1.3M
Cash
7.0K
Profitability Ratios
Gross Margin
-19.8%
Operating Margin
-7,316.2%
Net Margin
-11,669.0%
ROE
N/A
ROA
-98.7%
FCF Margin
-1,987.3%
Balance Sheet & Liquidity
Current Ratio
0.04x
Quick Ratio
0.03x
Debt/Equity
N/A
Debt/Assets
388.3%
Interest Coverage
N/A
Long-term Debt
N/A
Disclaimer: This analysis is generated by AI based on publicly available SEC EDGAR filings.
It does not include stock price data and should not be considered financial advice.
All fundamental data is sourced from SEC public domain filings.
Always conduct your own research before making investment decisions.
Data Source: SEC EDGAR |
Analysis Date: 2026-03-23T03:26:10.335557 |
Data as of: 2025-09-30 |
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