On the stock market since 2013, it operates in the world of technology. It has 365 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.
Average growth of 17% 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.
The stock trades 58% below its peak. The market has trimmed its expectations for the company.
Over the last 3 years, sales grew about 19% a year on average.
Sales run at $66.1M a year. A small number, but proof the product has real buyers.
A loss of $26.8M against $66.1M in annual sales. And on top of that, sales fell from the year before.
The stock sits at $0.07. 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, SEEMF sits in the middle of the class: some subjects shine, others don’t. The grade moves as the numbers move.
The takeaway: SEEMF is a high-risk stock — not yet profitable, and its future rides on its product catching on.