On the stock market since 2018, it operates in the everyday-essentials business. It has 9,650 employees. Now — the numbers.
The company closed last year at a loss: costs ran above sales. The picture changes only if spending is reined in.
Revenue is spread across several lines; no single product carries the company.
Average growth of 60% 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 85% 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 31% a year on average.
A loss of $32.2M against $2.9B in annual sales. And on top of that, sales fell from the year before.
At the current pace of spending, the cash lasts about 1.5 years. After that, the company needs to find new money.
On our five-subject report card, NEW sits behind the class. A low grade doesn’t mean “doomed” — it means “big claim, small proof.”
The takeaway: NEW has solid sales but closed last year at a loss. The road back to profit runs through spending discipline.