Filings/COSM/10-Q

Source document

EDGAR
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KPIsSections20
Headline metrics
Revenue — GREEN$36.9M
Gross margin — GREEN7.8%
Net income — GREEN-$8.9M
Net margin — GREEN-24.1%
Operating margin — RED-13.8%
Red flags4 red1 orange
Liquidity5
RED
Negative operating cash flowoperating_cf_burn
The company is burning cash from operations — sustainability depends on financing.
RED
Net margin -24.1%net_margin_sharply_negative
Net income margin below -5% — profitability materially negative vs revenue.
RED
Cash conversion (CFO/Rev) -7.5%cash_conversion_weak
CFO/Revenue below 0 — operating model not generating cash despite revenue.
RED
Cash runway ~0.6 yearscash_runway_low
At current burn rate, cash covers less than 2 years — may require near-term financing.
ORANGE
Accumulated deficit / equity 687%accumulated_deficit_high
Accumulated deficit exceeds equity book value — balance sheet technically impaired.
Income Statement
Income Statement
MetricValueFlag
Revenue$36.9MGREEN
Revenue (quarter)$19.0MGREEN
Gross Margin7.8%GREEN
Operating Margin-13.8%RED
Net Margin-24.1%GREEN
Net Income-$8.9MGREEN
EPS (diluted)$-0.17GREEN
R&D % Revenue0.2%GREEN
Balance Sheet
Balance Sheet
MetricValueFlag
Cash$1.8MGREEN
Broad Liquidity$1.8MGREEN
Current Ratio1.05GREEN
Total Assets$61.5MGREEN
Total Equity$20.7MGREEN
Debt/Equity0.01GREEN
Cash Flow
Cash Flow
MetricValueFlag
Operating CF-$2.8MGREEN
Cash Conversion (CFO/Rev)-0.08GREEN
SBC % Revenue3.0%GREEN
Free Cash Flow-$2.9MGREEN

Sections in this filing

MD&A

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations. The financial statements and this Management's Discussion and Analysis of Financial Condition and Results of Operations (this "MD&A") have been prepared on the basis of accounting principles applicable to a going concern, which assumes that the Company will continue in operation for the foreseeable future and will be able to realize its assets and discharge its liabilities in the normal course of operations. The Company expects to continue to incur significant operating losses for the foreseeable future. If the Company is unable to secure additional capital, it may be required to take additional measures to reduce costs in order to conserve its cash in amounts sufficient to sustain operations and meet its obligations. These measures could cause significant delays or entirely prevent the Company's continued efforts to commercialize its current or future products, which are critical to the realization of its business plan and the future operations of the Company. This uncertainty, along with the Company's history of losses, indicates that there is substantial doubt about the Company's ability to continue as a going concern within one year after the date that the financial statements are issued. The accompanying condensed consolidated financial statements do not include any adjustments that may be necessary should the Company be unable to continue as a going concern. In addition to accessing public markets through the exercise of outstanding warrants, additional public and private debt and equity financings, management believes that the Company has access to additional capital resources through public and/or private equity offerings, debt financings or other capital sources, including potential collaborations, licenses and other similar arrangements. However, it is possible that the Company may not be able to obtain financing on acceptable terms, or at all, and the Company may not be able to enter into strategic alliances or other arrangements on favorable terms, or at all. The terms of any financing may adversely affect the holdings or the rights of the Company's shareholders. If the Company is unable to obtain funding, the Company could be required to delay, reduce or eliminate research and development programs, product portfolio expansion, or future commercializati