On the stock market since 1995, it operates in the world of energy. It has 215 employees. Now — the numbers.
The company is still in the product-building phase: its spending runs above its sales. That only changes once the product starts selling at scale.
That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.
Average growth of 78% a year over the last 4 years. Red columns mark years that ended in a loss.
Before the clock runs out, either sales must climb sharply or new money must come in. This is the most critical line in the whole picture.
An investor who bought at the very peak is down 100% today. The business is the same; what changed most is the price — and the expectations — the market pins on it.
Over the last 3 years, sales grew about 142% a year on average.
Sales run at $116.6M a year. A small number, but proof the product has real buyers.
A loss of $1.0M against $116.6M in annual sales.
The stock sits at $0.0006. Under exchange rules, stocks that stay below $1 for too long risk being removed from the market.
At the current pace of spending, the cash lasts less than a year. After that, the company needs to find new money.
On our five-subject report card, CRBO sits in the middle of the class: some subjects shine, others don’t. The grade moves as the numbers move.
The takeaway: CRBO is a high-risk stock — not yet profitable, and its future rides on its product catching on.