elumeo SE

Elumeo's capital structure shows a debt-to-equity ratio of 0.81, indicating moderate leverage, while its liquidity position is characterized by a current ratio of 1.21, suggesting limited short-term liquidity cushion [doc:valuation snapshot]. The company's cash and equivalents of EUR 1.66 million are offset by long-term debt of EUR 3.32 million, resulting in a net cash position of negative EUR 1.66 million [doc:financial snapshot]. This liquidity profile is consistent with a "medium" liquidity risk rating [doc:risk assessment]. Profitability metrics are weak, with a return on equity of -1.08 and a return on assets of -0.24, both significantly below the industry median for Apparel & Accessories firms. The company reported a net loss of EUR 4.42 million and an operating loss of EUR 3.28 million in the latest period [doc:financial snapshot]. Gross profit of EUR 19.77 million on revenue of EUR 43.39 million implies a gross margin of 45.6%, which is in line with the industry median but insufficient to offset operating costs [doc:valuation snapshot]. Geographically, Elumeo's revenue is concentrated in Germany, Italy, France, the Netherlands, Belgium, Spain, and the United Kingdom. No segment-specific revenue breakdown is disclosed, but the company's online and live television sales model suggests a digital-first approach with potential exposure to regional consumer spending trends [doc:HA-latest]. Growth trajectory is mixed. Revenue of EUR 43.39 million in the latest period is flat compared to prior periods, and no significant growth is projected for the current fiscal year. The company's operating cash flow of EUR -0.13 million and free cash flow of EUR -3.76 million indicate ongoing cash burn, which could constrain reinvestment or expansion [doc:financial snapshot]. Risk factors include a net cash deficit, which increases reliance on external financing and exposes the company to liquidity stress. The risk assessment flags "Net cash is negative after subtracting total debt" as a key concern. Dilution risk is rated as low, with no near-term pressure from share issuance or convertible debt [doc:risk assessment]. However, the company's negative operating cash flow and free cash flow suggest a need for capital preservation or external funding, which could introduce dilution risk in the future [doc:custom valuations]. Recent events include a 10-K filing that outlines risks related to market competition and consumer demand volatility. No recent earnings call transcripts or press releases indicate material changes in strategy or operations [doc:HA-latest].