Owns and operates midstream energy infrastructure. Provides natural gas gathering services. 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.
At this burn rate the cash pile isn’t the pressing question — for now, time is on the company’s side.
angles, checked one by one.
The 3 that stand out are on screen; the rest came back neutral.
The council scores out of 10; report-card grades are out of 100.
Over the last 1 years, sales grew about 133% a year on average.
Sales run at $77.4M a year. A small number, but proof the product has real buyers.
A loss of $206K against $77.4M in annual sales.
The price action doesn’t yet back an upward turn. Council score: 0/10.
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.