Manages an Exchange Traded Fund (ETF) called NovaTide Flexible Allocation ETF (NMBL). Offers investors broad market exposure through a single investment vehicle. 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.
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.
angles, checked one by one.
The 2 that stand out are on screen; the rest came back neutral.
The council scores out of 10; report-card grades are out of 100.
The stock trades near its peak today. For long-term holders the ride has paid off so far — though past performance guarantees nothing about the future.
Over the last 1 years, sales grew about 25% a year on average.
Sales run at $402.6M a year. A small number, but proof the product has real buyers.
It pays out $0.18 per share each year — regular cash for whoever holds the stock.
A loss of $158.3M against $402.6M in annual sales.
At the current pace of spending, the cash lasts about 1.2 years. After that, the company needs to find new money.
We grade companies — revenue, margins, balance sheets. This is a fund, so there is no report card to give. That is not a low grade; it is a different kind of thing.
One-line summary: a basket, not a business. Judge it by what it holds.