Invests at least 80% of its net assets in stocks of small-capitalized (small cap) companies. Seeks long-term capital appreciation for its investors. 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 15% a year over the last 4 years. Red columns mark years that ended in a loss.
At this burn rate the cash pile isn’t the pressing question — for now, time is on the company’s side.
This company is not turning a profit, so the market is pricing its sales instead: 4.8× for every dollar of annual revenue.
No analyst target is on record for this company.
The stock trades 28% below its peak. The market has trimmed its expectations for the company.
Over the last 4 years, sales grew about 15% a year on average.
Sales run at $249.5M a year. A small number, but proof the product has real buyers.
It pays out $2.54 per share each year — regular cash for whoever holds the stock.
A loss of $33.9M against $249.5M in annual sales.
Since the drop from its peak, buyer appetite hasn’t come back.
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.