Jun. 9 at 11:46 PM
$RENT only 3 out of 8 board members are holding shares. No analyst. Negative cash flow was 7M in Q1, with 24% more new receipts. Next Q, new receipts will increase by 400%. Next Q alone, EBITDA (not cash flow) will be negative 22M. Cash consumption will significant accelerate next Q. Jenn Hyman has always been great at selling her narrative. They ended 2024 with 306M revenue/6M cash consumption, but their subscription revenue was lower than 2023. They sold/retired a lot of their inventory in 2024, which is why they printed 306M amid 5% drop in subs. They wouldn’t have had enough inventory to carry through 2025 without the new purchases, which Hyman is conveniently calling it “strategic investment”. Always talks big but shows little when it comes to earnings. This is renting its own runway for now but, the writing is on the wall.
