Onemednet Corp

Onemednet Corp's capital structure is highly leveraged, with total liabilities of $16.45 million and total equity of -$15.70 million, indicating a negative net worth. The company's liquidity position is weak, as reflected by a current ratio of 0.04, suggesting significant short-term financial stress. The enterprise value to revenue ratio of 214.24 is well above the typical range for the industry, indicating a high valuation relative to its revenue base.

Profitability metrics are deeply negative, with a net income of -$2.11 million and an operating income of -$2.10 million. The return on equity of 0.1343 is misleading due to the negative equity base, and the return on assets of -2.812 indicates poor asset utilization. These figures are far below the industry median for profitability and returns, suggesting a company in distress.

The company's revenue is concentrated in a single business segment, as disclosed in its financials, with no geographic diversification provided in the available data. This lack of diversification increases exposure to sector-specific risks and limits the company's ability to offset losses in one area with gains in another.

Growth trajectory is negative, with no clear signs of improvement in the current fiscal year. The company's operating cash flow is -$1.55 million, and free cash flow is -$2.10 million, indicating a lack of internal cash generation. The capital expenditure of -$6,000 suggests minimal investment in future growth, further signaling a lack of strategic direction.

Risk factors include a high liquidity risk, as the company has negative net cash after subtracting total debt. The dilution risk is currently low, but the company's negative equity and high debt levels could lead to future dilution if additional financing is required. No recent events or filings have been disclosed that would indicate a change in the company's risk profile.

Recent events and filings do not show any significant developments that would alter the company's current financial or operational status. The absence of recent positive news or strategic moves suggests a lack of momentum and potential for recovery.

Revenue surged 111.4% year-over-year to $1.36 million, demonstrating significant top-line growth momentum in the latest fiscal period.

Net income improved by 72.3% year-over-year, indicating a substantial reduction in losses compared to the prior fiscal year.

Free cash flow improved by 57.8% year-over-year, reflecting better cash generation capabilities despite ongoing negative flows.

Dilution risk is assessed as low, providing some stability for existing shareholders regarding potential equity issuance impacts.

The company faces high credit risk and medium liquidity risk, signaling potential difficulties in meeting short-term financial obligations.

Operating margin of -8.47% places the company in the bottom quartile of its business support services cohort.

Net margin of -8.50% ranks in the bottom quartile among 381 peers, highlighting persistent profitability challenges.

A current ratio of 0.43 indicates severe liquidity constraints, as current assets cover less than half of current liabilities.

Cash conversion of 0.73 is below the cohort median of 1.15, suggesting weaker efficiency in converting earnings to cash.