@unrestrainedfury To be fair it is a relatively new materials company that has been trying to commercialize new materials unsuccessfully for many years now... and that was with progressive consumer tailwinds behind them. Asset light model so the actual cash burn is not as bad as the accounting looks, agreed, but unless the 2025 guidance is completely back-ended or new partnerships are announced that can be implemented quickly tough to see path to cash flow b-even in next 12 -18 months. Company needs to get costs down... if you like the space then should look at $ECNLF where they profitably price recycled nylon at a 10% premium to alternatives and is trading at 0.5X Sales and 5X EBITDA (less leveraged now after rights offering).
$ECNLF Aquafil SpA Announces Participation in the LD Micro Main Event XVI
https://www.stocktitan.net/news/ECNLF/aquafil-sp-a-announces-participation-in-the-ld-micro-main-event-m5i15nswfme4.html
