Apr. 28 at 12:05 PM
$MVNC reports 134% revenue growth for 2024, but let's not ignore the elephant in the warehouse - they're still burning cash with negative EPS. CEO cites reduced costs ahead and warehouse expansion, yet negative equity (-
$6.19M) and that 0.045 current ratio scream liquidity crisis. Growth ≠ viability.
https://www.prnewswire.com/news-releases/marvion-inc-announces-annual-financial-results-for-2024-with-134-gain-in-year-to-year-revenue-302439165.html