Mirriad Advertising PLC

Mirriad Advertising PLC maintains a debt-free capital structure with zero long-term debt and a debt-to-equity ratio of 0.0. The balance sheet shows total assets of £6.64 million against total liabilities of £1.89 million, resulting in total equity of £4.75 million. Liquidity is supported by cash and equivalents of £4.78 million, yielding a current ratio of 3.49. Despite this strong liquidity position, the company reports a negative operating cash flow of £7.41 million and free cash flow of £8.19 million, indicating significant cash burn relative to its asset base.

Profitability metrics are deeply negative, with a return on equity of -1.77 and return on assets of -1.27. The company recorded an operating loss of £8.82 million and a net loss of £8.41 million against revenue of £1.00 million. The gross profit of £654,000 suggests a gross margin of approximately 65%, but operating expenses far exceed gross earnings, leading to substantial net losses. The price-to-book ratio stands at 7.19, while the EV/EBITDA is negative at -3.33, reflecting the market's valuation of a loss-making entity with tangible assets.

Revenue £1.0M, −44,4% YoY; Operating income +23,1% YoY.

• ▍Revenue £1.0M, −44,4% YoY
• ▍Operating income +23,1% YoY
• ▍Net income +23,1% YoY
• ▍Free cash flow +23,1% YoY
• ▍Net margin -838.3%

Revenue £1.8M, +19,6% YoY; Operating income +27,8% YoY.

• ▍Revenue £1.8M, +19,6% YoY
• ▍Operating income +27,8% YoY
• ▍Net income +28,8% YoY
• ▍Free cash flow +28,9% YoY
• ▍Net margin -606.5%

Revenue £1.5M, −25,0% YoY; Operating income −32,2% YoY.

• ▍Revenue £1.5M, −25,0% YoY
• ▍Operating income −32,2% YoY
• ▍Net income −39,9% YoY
• ▍Free cash flow −40,1% YoY
• ▍Net margin -1018.4%

Revenue £2.0M, −7,8% YoY; Operating income −32,2% YoY.

• ▍Revenue £2.0M, −7,8% YoY
• ▍Operating income −32,2% YoY
• ▍Net income −21,2% YoY
• ▍Free cash flow −24,1% YoY
• ▍Net margin -546.0%

Revenue £2.2M; Operating income -£9.1M.

• ▍Revenue £2.2M
• ▍Operating income -£9.1M
• ▍Net margin -415.4%