Jun. 18 at 5:17 PM
$LUFFF Survival trade, not hidden gem.
Q1 revenue fell 35% YoY:
$1.76M vs
$2.72M.
Gross profit fell 53% YoY:
$308K vs
$659K.
Gross margin collapsed to 17.5% vs 24.3%.
Adj. EBITDA: -
$488K.
Net loss: -
$846K.
Cash:
$133K vs
$4.6M current liabilities.
Working capital: -
$1.25M.
“Positive cash flow” came mostly from inventory reduction + payables rising, not real profitability.
*wheres my duo-tag-team?*