FARMHOUSE, INC. /NV (FMHS) Jul 2024 Earnings Report
Farmhouse Inc.: Investment Report
Overview
Farmhouse Inc. is a regulated cannabis industry platform that provides a social networking platform for cannabis and hemp professionals to connect, discover products and services, and scale their businesses. As a pioneer in this growing industry, Farmhouse Inc. has the potential to capitalize on the increasing demand for cannabis products and services. In this report, we will delve into the company's financial performance, growth prospects, and recent news to provide a comprehensive overview of the investment opportunity.
Core Metrics
- Current price: 0.123 USD
- 52-week high: 1.5 USD
- 52-week low: 0.032 USD
- Market Cap: 2.2 million USD
- P/E Ratio: N/A
- Earnings per Share: -0.03 USD
- 50-day average: 0.170724 USD
- 200-day average: 0.1597029 USD
- Analyst Recommendations: None
Financial Performance
Farmhouse Inc.'s financial performance has been volatile in recent times. The company reported a revenue growth rate of 10.6%, indicating a positive trend. However, the company's EBITDA is -461,010, which is a concern. The company's gross margins are 52.6%, which is decent but could be improved. The company's total cash is 5,161, and its free cash flow is 201,268, which provides some comfort.
Growth Prospects
The cannabis industry is growing rapidly, and Farmhouse Inc. is well-positioned to capitalize on this trend. The company's platform provides a unique value proposition to cannabis and hemp professionals, which could lead to increased adoption and revenue growth. However, the company needs to address its profitability concerns to sustain long-term growth.
News and Updates
Recent news articles suggest that Farmhouse Inc. is making efforts to expand its reach and improve its offerings. The company's involvement in the "Farmhouse Fixer: Camp Revamp" series and its association with Jonathan Knight, a renowned celebrity, could help improve brand awareness and attract new users to the platform.
Upgrades and Downgrades
There have been no recent upgrades or downgrades from analysts, which is a concern given the company's volatile financial performance.
Summary
In conclusion, Farmhouse Inc. presents a mixed bag of opportunities and concerns. While the company's revenue growth rate and gross margins are positive, its EBITDA and profitability concerns are a worry. The company's association with the growing cannabis industry and its unique platform provide a strong foundation for growth, but the company needs to address its profitability concerns to sustain long-term growth. Investors should approach this stock with caution and closely monitor the company's financial performance and industry trends before making an investment decision.
Disclosures
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