Investment Thesis
micromobility.com is a financially distressed company with severe balance sheet deterioration, negative stockholders' equity of -$37.5M, and critical liquidity constraints (current ratio of 0.03x). Despite 146% revenue growth, the company is deeply unprofitable with -117.8% net margins and negative operating cash flow, indicating the growth is not translating to sustainable business fundamentals.
Strengths
- Strong revenue growth of 146.3% year-over-year demonstrates market demand
- Minimal insider selling pressure with zero Form 4 filings in last 90 days
- Business operates in emerging micromobility sector with long-term growth potential
Risks
- Negative stockholders' equity of -$37.5M indicates technical insolvency and high bankruptcy risk
- Critical liquidity crisis with current ratio of 0.03x and only $15K cash against $38.9M liabilities
- Negative operating cash flow of -$15K combined with -$1.8M net loss shows business is cash-consumptive and unsustainable
- Operating margin of -61.4% and net margin of -117.8% indicate severe unit economics deterioration despite revenue growth
- Liabilities exceed assets by $37.5M, leaving minimal margin for error or business disruption
Key Metrics to Watch
- Path to positive operating cash flow and timeline for profitability
- Ability to secure additional capital given negative equity position
- Progress on debt reduction and liabilities management
- Improvement in operating margin as revenue scales
- Cash burn rate and estimated runway before insolvency
Financial Metrics
Revenue
1.6M
Net Income
-1.8M
EPS (Diluted)
$-0.02
Free Cash Flow
-15.0K
Total Assets
1.4M
Cash
15.0K
Profitability Ratios
Gross Margin
N/A
Operating Margin
-61.4%
Net Margin
-117.8%
ROE
N/A
ROA
-130.8%
FCF Margin
-1.0%
Balance Sheet & Liquidity
Current Ratio
0.03x
Quick Ratio
0.03x
Debt/Equity
N/A
Debt/Assets
2,765.5%
Interest Coverage
N/A
Long-term Debt
500.0K
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: 2026-04-01T16:02:10.907103 |
Data as of: 2025-09-30 |
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