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KPIsSections18
| Revenue — GREEN | €328.5M |
|---|---|
| Gross margin — GREEN | 47.0% |
| Net income — GREEN | -€87.3M |
| Net margin — GREEN | -26.6% |
| Operating margin — GREEN | -27.4% |
Red flags3 red1 orange
Liquidity4
RED
Negative operating cash flow
operating_cf_burnThe company is burning cash from operations — sustainability depends on financing.
RED
Net margin -26.6%
net_margin_sharply_negativeNet income margin below -5% — profitability materially negative vs revenue.
ORANGE
Current ratio 0.47
current_ratio_lowCurrent assets are below current liabilities — short-term liquidity pressure.
RED
Cash runway ~1.0 years
cash_runway_lowAt current burn rate, cash covers less than 2 years — may require near-term financing.
Income Statement
| Metric | Value | Flag |
|---|---|---|
| Revenue | €328.5M | GREEN |
| Gross Margin | 47.0% | GREEN |
| Operating Margin | -27.4% | GREEN |
| Net Margin | -26.6% | GREEN |
| Gross Profit | €154.4M | GREEN |
| Operating Income | -€89.9M | GREEN |
| Net Income | -€87.3M | GREEN |
| Income Tax Expense | €226,000 | GREEN |
| Pre-tax Income | -€93.7M | GREEN |
| EPS Diluted | €-4.29 | GREEN |
| Interest Expense | €14.8M | GREEN |
| Cost Of Revenue | €174.1M | GREEN |
| Selling General & Admin Exp | €138.0M | GREEN |
| Amort of Goodwill and Intangibles | €6.0M | GREEN |
| Interest and Investment Income | €10.9M | GREEN |
| Basic EPS | -€4.29 | GREEN |
Balance Sheet
| Metric | Value | Flag |
|---|---|---|
| Total Assets | €111.1M | GREEN |
| Current Assets | €27.2M | GREEN |
| Current Liabilities | €58.2M | GREEN |
| Total Liabilities | €155.0M | GREEN |
| Total Equity | -€35.2M | GREEN |
| Noncontrolling Interest | -€8.6M | GREEN |
| Retained Earnings | -€399.7M | GREEN |
| Cash & Equivalents | €12.7M | GREEN |
| Long-term Debt | €67.3M | GREEN |
| Short-term Debt | €4.5M | GREEN |
| Deferred Revenue (Current) | €1.4M | GREEN |
| Trade Receivables | €1.5M | GREEN |
| Trade Payables | €25.9M | GREEN |
| Short Term Investments | €3.6M | GREEN |
| Inventory | €9.3M | GREEN |
| Gross Property, Plant & Equipment | €21.7M | GREEN |
| Goodwill | €8.7M | GREEN |
| Other Intangibles | €17.9M | GREEN |
| Current Portion of Capital Leases | €10.1M | GREEN |
| Other Current Liabilities | €4.1M | GREEN |
| Capital Leases | €25.2M | GREEN |
| Common Stock | €547,000 | GREEN |
| Treasury Stock | €200.1M | GREEN |
| Comprehensive Income and Other | €6.1M | GREEN |
Cash Flow
| Metric | Value | Flag |
|---|---|---|
| Operating Cash Flow | -€13.2M | GREEN |
| Capital Expenditures | €2.2M | GREEN |
| Investing Cash Flow | €4.6M | GREEN |
| Free Cash Flow | -€15.4M | GREEN |
| Financing Cash Flow | €2.3M | GREEN |
| Asset Writedown & Restructuring Costs | €122,000 | GREEN |
| Change in Inventories | €3.8M | GREEN |
| Change in Accounts Payable | -€6.7M | GREEN |
| Change in Other Net Operating Assets | €1.8M | GREEN |
| Cash Acquisitions | €2.5M | GREEN |
| Long Term Debt Issued | €10.4M | GREEN |
| Long Term Debt Repaid | €20.2M | GREEN |
| Issuance of Common Stock | €35.0M | GREEN |
| Cash Interest Paid | €5.2M | GREEN |
Sections in this filing
Business / Consolidation
11 Group structure 11.1 Subsidiaries The Group’s principal subsidiaries at 31 December 2023 are detailed below. Unless otherwise stated, they have share capital consisting solely of ordinary shares that are held directly by the Group, and the proportion of ownership interests held equals the voting rights held by the Group. The country of incorporation or registration is also their principal place of business. During the year Marley Spoon Holdings AG was liquidated. % equity interest Name Principal Activities Country of Incorporation 2023* 2022** Marley Spoon SE Operations Germany 84.59 - Marley Spoon Pty Ltd. Operations Australia 100 100 Marley Spoon Finance Pty. Ltd. Financing Australia 100 100 Chefgood Pty Ltd Operations Australia 100 100 Marley Spoon GmbH Operations Austria 100 100 Marley Spoon Holdings AG Holding Austria - 100 Marley Spoon BV Operations The Netherlands 100 100 Marley Spoon Ltd. Operations United Kingdom 100 100 MMM Consumer Brands Inc. Operations United States of America 99 99 Marley Spoon Unipessoal Lda Operations Portugal 100 100 *Marley Spoon Group SE as parent company. ** Marley Spoon SE as parent company.